428 Fernside Place #428Far 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 428 Fernside Place #428, Far Rockaway, NY, 11691 earns $122/mo cash flow from $2,125/mo rent with a $1,468/mo payment. Total monthly income totals $2,125/mo, and annual cash flow totals $1,464/yr on $99,450 capital. ROI tracks 21.38% on current figures, and rental yield reads 8.5% at a $300,000 purchase. Equity gained on principal adds $1,936/yr, and 5% annual appreciation supports $82,884 over five years. Five-year ROI reaches 111.35% and total cumulative return in cash sums $110,736. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,125/mo property income instead of your personal income.
Condo
Built in 1967
2.17 Acres 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: Mehmet Kilinc AHWD • Keller Williams Landmark II
Mls Name: OneKey MLS
Mls ID: #952476