415 Beach 36 StFar RockawayNY11691
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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 Far Rockaway at 415 Beach 36 St, Far Rockaway, NY, 11691 with 5% annual appreciation on a $749,000 basis while $6,953/mo rent supports operations. Total monthly income totals $6,953/mo and a $3,666/mo payment preserves $1,951/mo for cash returns. Annual cash flow comes to $23,415/yr on $246,421 deployed, and return on cash invested reaches 29.56% in year one. Equity gained on principal adds $4,833/yr, and five-year appreciation sums $206,935 alongside rental yield of 11.14%. Five-year ROI measures 155.23% and total cumulative return in cash totals $382,516.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $6,953/mo property income versus a $3,666/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Multi Family
Built in 2003
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11691, Far Rockaway, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,618 (100%) |
| Owner Occupied HU | 5,020 (21.3%) |
| Renter Occupied HU | 17,299 (73.2%) |
| Vacant Housing Units | 1,299 ( 5.5%) |
| Median Home Value | $689,409 |
| Average Home Value | $749,322 |
Housing Distribution
Address Breakdown
Residential
20,297
Single Family
7,945
Multi-Family
12,352
Businesses
623
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Listed by: Gregory Valvo - Licensed Associate Real Estate Broker • Revived Residential
Mls Name: StreetEasy
Mls ID: #1718436