306 Beach 84th StRockaway BeachNY11693
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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 Rockaway Beach at 306 Beach 84th St, Rockaway Beach, NY, 11693 with 5% annual appreciation on a $249,000 basis while $5,172/mo rent supports operations. Total monthly income totals $5,172/mo and a $1,219/mo payment preserves $3,509/mo for cash returns. Annual cash flow comes to $42,107/yr on $82,544 deployed, and return on cash invested reaches 70.92% in year one. Equity gained on principal adds $1,607/yr, and five-year appreciation sums $68,794 alongside rental yield of 24.93%. Five-year ROI measures 377.02% and total cumulative return in cash totals $311,204.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $5,172/mo property income versus a $1,219/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Lot
Built in N/A
5,209 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11693, Far Rockaway, NY area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
5,028
Single Family
1,929
Multi-Family
3,099
Businesses
214
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Listed by: Adam Ecker • ECKER ADAM D
Mls Name: NY State MLS
Mls ID: #11237964