360 Beach 59th #c StreetArverneNY11692
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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 Arverne at 360 Beach 59th #c Street, Arverne, NY, 11692 uses $41,438 cash to close to unlock $36,061/yr annual cash flow and $3,005/mo monthly cash flow. Total monthly income runs $3,840/mo, and a $612/mo payment keeps the spread at $3,005/mo. Purchase price stands at $125,000, and rental yield measures 36.86% with $3,840/mo rent. Return on cash invested shows 106.93% in year one, and 5% annual appreciation builds toward $34,535 over five years. Five-year ROI reaches 570.25% and total cumulative return in cash records $236,297. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,840/mo property income covering a $612/mo payment rather than investor’s personal income.
Single Family
Built in 1976
N/A 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: Naruetai Tongsomboon • RE/MAX Elite
Mls Name: OneKey MLS
Mls Provider:
Mls ID: #3571820
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