313 Beach 69th StFar RockawayNY11692
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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 Far Rockaway at 313 Beach 69th St, Far Rockaway, NY, 11692 generates $1,784/mo in rent and, after a $1,297/mo payment, leaves $14/mo in cash flow. Total monthly income is $1,784/mo, and annual cash flow is $173/yr on $87,848 invested. Return on cash invested sits at 20.11% in year one, and rental yield is 8.08% on a $265,000 entry. Equity gained on principal adds $1,710/yr, while 5% annual appreciation builds toward $73,215 over five years. Five-year ROI reaches 104.56% and total cumulative return in cash sums $91,851. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,784/mo property income rather than buyer’s personal income.
Single Family
Built in 1920
2,500 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11692, Arverne, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,260 (100%) |
| Owner Occupied HU | 2,411 (29.2%) |
| Renter Occupied HU | 5,362 (64.9%) |
| Vacant Housing Units | 487 ( 5.9%) |
| Median Home Value | $653,075 |
| Average Home Value | $623,118 |
Housing Distribution
Address Breakdown
Residential
7,112
Single Family
3,509
Multi-Family
3,603
Businesses
122
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Listed by: Chelseann Thompson • HANOVER REALTY CORP NY
Mls Name: NY State MLS
Mls ID: #11510513