457 Beach 66th StFar RockawayNY11692
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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 457 Beach 66th St, Far Rockaway, NY, 11692 offers a 9.94% rental yield on a $550,000 purchase with $4,556/mo rent. Total monthly income registers $4,556/mo, and a $2,692/mo payment leaves $883/mo available for distribution. Annual cash flow reaches $10,598/yr on $180,950 to close, and return on cash invested stands at 25.92% in year one. Equity gained on principal adds $3,549/yr while 5% annual appreciation supports $151,955 over five years. Portfolio math shows five-year ROI at 135.69% and total cumulative return in cash at $245,530. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,556/mo property income against a $2,692/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1950
2,500 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11692, Arverne, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,260 (100%) |
| Owner Occupied HU | 2,411 (29.2%) |
| Renter Occupied HU | 5,362 (64.9%) |
| Vacant Housing Units | 487 ( 5.9%) |
| Median Home Value | $653,075 |
| Average Home Value | $623,118 |
Housing Distribution
Address Breakdown
Residential
7,112
Single Family
3,509
Multi-Family
3,603
Businesses
122
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Listed by: Yan Byshevsky • Top Nest Inc
Mls Name: BNYMLS
Mls ID: #497527