410 E Broadway APT 2WLong 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
Rental property for sale in Long Beach at 410 E Broadway APT 2W, Long Beach, NY, 11561 generates $5,005/mo in rent and, after a $3,185/mo payment, leaves $660/mo in cash flow. Total monthly income is $5,005/mo, and annual cash flow is $7,915/yr on $214,080 invested. Return on cash invested sits at 23.76% in year one, and rental yield is 9.23% on a $650,700 entry. Equity gained on principal adds $4,199/yr, while 5% annual appreciation builds toward $179,776 over five years. Five-year ROI reaches 124.09% and total cumulative return in cash sums $265,649. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $5,005/mo property income rather than buyer’s personal income.
Home Type Unknown
Built in N/A
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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