280 Atlantic Avenue #140East RockawayNY11518
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in East Rockaway at 280 Atlantic Avenue #140, East Rockaway, NY, 11518 earns $9/mo cash flow from $2,052/mo rent with a $1,497/mo payment. Total monthly income totals $2,052/mo, and annual cash flow totals $114/yr on $101,406 capital. ROI tracks 20.02% on current figures, and rental yield reads 8.05% at a $305,900 purchase. Equity gained on principal adds $1,974/yr, and 5% annual appreciation supports $84,515 over five years. Five-year ROI reaches 104.1% and total cumulative return in cash sums $105,568. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,052/mo property income instead of your personal income.
Condo
Built in 1961
1.07 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11518, East Rockaway, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,468 (100%) |
| Owner Occupied HU | 3,172 (71.0%) |
| Renter Occupied HU | 1,084 (24.3%) |
| Vacant Housing Units | 212 ( 4.7%) |
| Median Home Value | $668,685 |
| Average Home Value | $667,781 |
Housing Distribution
Address Breakdown
Residential
4,091
Single Family
3,534
Multi-Family
557
Businesses
290
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Listed by: Lillian Tramantano GRI PSA SRES SR • Professional Choice Realty Ltd
Mls Name: OneKey MLS
Mls ID: #922848