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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Long Beach at 422 Oceanfront UNIT Upper, Long Beach, NY, 11561 priced at $1,550,000 pairs $4,200/mo rent with after a $7,586/mo payment. Total monthly income equals $4,200/mo. Return on cash invested is 4.18% in year one, and rental yield stands at 3.25% on a $1,550,000 basis. Equity gained on principal adds $10,002/yr, and 5% annual appreciation accumulates to $428,236 by year five. Five-year ROI measures 19.6% and total cumulative return in cash reaches $98,413. For financing, Ziffy Mortgage’s DSCR program evaluates $4,200/mo property income against a $7,586/mo payment instead of your W2s, 1099s, or Tax returns.
Townhouse
Built in 1997
3,116 sqft lot
$N/A/sqft
$625 monthly HOA
Neighborhood data shown for ZIP Code: 11561, Long Beach, NY area.
| 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 |
Residential
16,421
Single Family
10,519
Multi-Family
5,902
Businesses
857
Date | Event | Price |
|---|---|---|
| 2024-07-19 | Price change | $1,550,000 |
| 2024-07-08 | Listed for sale | $1,599,000 |
| 2024-05-28 | Pending sale | $1,599,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
What's Special
Walkup
Listed by: Richard Iorio Jr • Douglas Elliman Real Estate
Mls Name: OneKey MLS
Mls Provider:
Mls ID: #3535601
Disclaimer: The data relating to real estate for sale or lease on this web site comes in part from OneKey MLS. Real estate listings held by brokerage firms other than Zillow, Inc are marked with the OneKey MLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2024 OneKey MLS. All rights reserved.
