370 W Broadway #4JLong 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 W Broadway #4J, Long Beach, NY, 11561 with 5% annual appreciation on a $466,000 basis while $3,650/mo rent supports operations. Total monthly income totals $3,650/mo and a $2,281/mo payment preserves $538/mo for cash returns. Annual cash flow comes to $6,456/yr on $154,479 deployed, and return on cash invested reaches 24.09% in year one. Equity gained on principal adds $3,007/yr, and five-year appreciation sums $128,747 alongside rental yield of 9.4%. Five-year ROI measures 125.88% and total cumulative return in cash totals $194,461.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,650/mo property income versus a $2,281/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in 1966
N/A 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: Pamela A. Walsh Boening • RE/MAX Beach West
Mls Name: OneKey MLS
Mls ID: #843773