290 Atlantic Avenue #245East RockawayNY11518
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 290 Atlantic Avenue #245, East Rockaway, NY, 11518 uses $115,196 cash to close to unlock $3,915/yr annual cash flow and $326/mo monthly cash flow. Total monthly income runs $2,647/mo, and a $1,701/mo payment keeps the spread at $326/mo. Purchase price stands at $347,500, and rental yield measures 9.14% with $2,647/mo rent. Return on cash invested shows 23.31% in year one, and 5% annual appreciation builds toward $96,008 over five years. Five-year ROI reaches 121.74% and total cumulative return in cash records $140,241. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,647/mo property income covering a $1,701/mo payment rather than investor’s 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Anna Aprea ABR SFR • Coldwell Banker American Homes
Mls Name: OneKey MLS
Mls ID: #917724