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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Far Rockaway at 3-41 Beach 84 St, Far Rockaway, NY, 11693 generates $3,162/mo in rent and, after a $2,149/mo payment, leaves $230/mo in cash flow. Total monthly income is $3,162/mo, and annual cash flow is $2,761/yr on $145,529 invested. Return on cash invested sits at 21.81% in year one, and rental yield is 8.64% on a $439,000 entry. Equity gained on principal adds $2,833/yr, while 5% annual appreciation builds toward $121,288 over five years. Five-year ROI reaches 113.68% and total cumulative return in cash sums $165,440. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,162/mo property income rather than buyer’s personal income.
Multi Family
Built in 1925
N/A lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 11693, Far Rockaway, NY area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,533 (100%) |
| Owner Occupied HU | 2,272 (41.1%) |
| Renter Occupied HU | 2,861 (51.7%) |
| Vacant Housing Units | 400 ( 7.2%) |
| Median Home Value | $505,449 |
| Average Home Value | $521,181 |
Residential
5,028
Single Family
1,929
Multi-Family
3,099
Businesses
214
Date | Event | Price |
|---|---|---|
| 2024-03-12 | Listed for sale | $439,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Doreen Garson - Licensed Real Estate Broker • Doreen Greenwood Inc.
Mls Name: StreetEasy
Mls ID: #1704147
