475 W Broadway #1 A, Long Beach, NY, 11561 | $900/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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475 W Broadway #1 A, Long Beach, NY, 11561 | $900/mo Cash Flow | Ziffy

For Sale

Rental Income

Listed for sale 1 day ago

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Long Beach at 475 W Broadway #1 A, Long Beach, NY, 11561 offers a 11.44% rental yield on a $315,000 purchase with $3,004/mo rent. Total monthly income registers $3,004/mo, and a $1,542/mo payment leaves $900/mo available for distribution. Annual cash flow reaches $10,803/yr on $104,423 to close, and return on cash invested stands at 30.25% in year one. Equity gained on principal adds $2,033/yr while 5% annual appreciation supports $87,029 over five years. Portfolio math shows five-year ROI at 158.99% and total cumulative return in cash at $166,025. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,004/mo property income against a $1,542/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Condo

Built in 1983

N/A lot

$N/A/sqft

No HOA

More details about the property

Charming Beachside Studio Condo with Private Terrace Welcome to your dream beach getaway! This beautifully designed studio unit offers the perfect blend of comfort and coastal living, ideal for those seeking a tranquil retreat. Nestled in a vibrant beach community, this condo boasts a spacious layout that maximizes space and light, providing a cozy yet open atmosphere. Private Terrace Garden Step outside to your exclusive terrace garden, an enchanting space to unwind, entertain, or soak up the sun. Perfect for morning coffees or evening sunsets, this serene outdoor area enhances your beachside lifestyle. Enjoy views of the ocean and nearby landscapes from both the interior and terrace. Located just steps from the beach, enjoy easy access to water activities, local dining, and shopping that the beach community has to offer. Experience the vibrant culture and charm of coastal living right at your doorstep. Perfect Investment Whether you're looking for a personal retreat or an investment opportunity, this studio unit has great rental potential in a sought-after location. Dont miss the chance to make this beachside paradise your own! Contact us for a private viewing today.

Neighborhood Data

Neighborhood data shown for ZIP Code: 11561, Long Beach, NY area.

Housing Distribution

Housing Statistics

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