345 Dormans CtFar RockawayNY11693
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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 345 Dormans Ct, Far Rockaway, NY, 11693 priced at $595,000 pairs $3,557/mo rent with after a $2,912/mo payment. Total monthly income equals $3,557/mo. Return on cash invested is 17.51% in year one, and rental yield stands at 7.17% on a $595,000 basis. Equity gained on principal adds $3,839/yr, and 5% annual appreciation accumulates to $164,388 by year five. Five-year ROI measures 90.58% and total cumulative return in cash reaches $177,314. For financing, Ziffy Mortgage’s DSCR program evaluates $3,557/mo property income against a $2,912/mo payment instead of your W2s, 1099s, or Tax returns.
Townhouse
Built in 1920
N/A 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: Daniel Kent • SERHANT.
Mls Name: StreetEasy
Mls ID: #S1800066