463 Beach 68 StArverneNY11692
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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
Rental property for sale in Arverne at 463 Beach 68 St, Arverne, NY, 11692 priced at $949,000 pairs $8,076/mo rent with $1,739/mo cash flow after a $4,645/mo payment. Total monthly income equals $8,076/mo, and annual cash flow comes to $20,863/yr on $312,221 invested. Return on cash invested is 26.74% in year one, and rental yield stands at 10.21% on a $949,000 basis. Equity gained on principal adds $6,124/yr, and 5% annual appreciation accumulates to $262,191 by year five. Five-year ROI measures 140.1% and total cumulative return in cash reaches $437,412. For financing, Ziffy Mortgage’s DSCR program evaluates $8,076/mo property income against a $4,645/mo payment instead of your W2s, 1099s, or Tax returns.
Multi Family
Built in 2003
N/A 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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