428 Beach 131st StRockaway ParkNY11694
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayThe investment thesis at 428 Beach 131st St, Rockaway Park, NY, 11694 in Rockaway Park is capital appreciation. Rental yield 4.1%. The 4.1% gross yield at $1,225,000 falls below cash-flow thresholds, but 5% annual value growth is forecast to deliver $338,445 in additional equity by year five, an equity gain that can outpace many higher-yield markets. Ziffy Mortgage finances appreciation-play assets via DSCR (0.76) without U.S. credit history; structure with a larger down payment to optimise coverage. Total projected return: $210,030.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 4.1% | 6.2% |
| Monthly Cash Flow | $(3,995) | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $4,185 |
| Total Monthly Debt Service | $7,693 |
| DSCR Ratio | 0.54x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1935
5,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11694, Rockaway Park, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,895 (100%) |
| Owner Occupied HU | 3,917 (44.0%) |
| Renter Occupied HU | 3,961 (44.5%) |
| Vacant Housing Units | 1,017 (11.4%) |
| Median Home Value | $886,014 |
| Average Home Value | $919,362 |
Housing Distribution
Address Breakdown
Residential
7,768
Single Family
4,451
Multi-Family
3,317
Businesses
381
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1935
5,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11694, Rockaway Park, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,895 (100%) |
| Owner Occupied HU | 3,917 (44.0%) |
| Renter Occupied HU | 3,961 (44.5%) |
| Vacant Housing Units | 1,017 (11.4%) |
| Median Home Value | $886,014 |
| Average Home Value | $919,362 |
Housing Distribution
Address Breakdown
Residential
7,768
Single Family
4,451
Multi-Family
3,317
Businesses
381
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Lisa A. Jackson • Rockaway Properties
Mls Name: BNYMLS
Mls ID: #494943