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 at $1,399,999 posts ROI 10.57% with from $5,645/mo rent. Total monthly income equals $5,645/mo. Return on cash invested measures 10.57% and rental yield reads 4.84% at the current $1,399,999. Equity gained on principal adds $9,034/yr, and 5% annual appreciation supports $386,794 by year five. Five-year ROI prints 53.33% and total cumulative return in cash totals $241,927. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $5,645/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
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: eXp Realty
Mls ID: #924516