370 E BroadwayLong BeachNY11561
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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 Long Beach at 370 E Broadway, Long Beach, NY, 11561 with 5% annual appreciation on a $1,399,999 basis while $5,128/mo rent supports operations. 2% in year one. Equity gained on principal adds $9,034/yr, and five-year appreciation sums $386,794 alongside rental yield of 4.4%. Five-year ROI measures 46% and total cumulative return in cash totals $208,639. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $5,128/mo property income versus a $6,852/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Multi Family
Built in 1949
5,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11561, Long Beach, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,839 (100%) |
| Owner Occupied HU | 9,807 (52.1%) |
| Renter Occupied HU | 7,217 (38.3%) |
| Vacant Housing Units | 1,815 ( 9.6%) |
| Median Home Value | $782,079 |
| Average Home Value | $830,581 |
Housing Distribution
Address Breakdown
Residential
16,421
Single Family
10,519
Multi-Family
5,902
Businesses
857
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Listed by: Joseph T. Sinnona SRS SRES GRI ABR • EXP Realty
Mls Name: OneKey MLS
Mls ID: #924516