290 Atlantic Avenue #211East 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
Rental property for sale in East Rockaway at 290 Atlantic Avenue #211, East Rockaway, NY, 11518 generates $2,589/mo in rent and, after a $1,806/mo payment, leaves $125/mo in cash flow. Total monthly income is $2,589/mo, and annual cash flow is $1,499/yr on $122,324 invested. Return on cash invested sits at 21.13% in year one, and rental yield is 8.42% on a $369,000 entry. Equity gained on principal adds $2,381/yr, while 5% annual appreciation builds toward $101,948 over five years. Five-year ROI reaches 110.04% and total cumulative return in cash sums $134,607. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,589/mo property income rather than buyer’s personal income.
Condo
Built in 1961
N/A 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: Julie Calabrese CBR • HomeSmart Premier Living Rlty
Mls Name: OneKey MLS
Mls ID: #928764