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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Long Beach at 51 W Broadway #A, Long Beach, NY, 11561 at $829,000 posts ROI 30.69% with $2,416/mo cash flow from $7,952/mo rent. Total monthly income equals $7,952/mo, and annual cash flow records $28,987/yr on $272,741 to close. Return on cash invested measures 30.69% and rental yield reads 11.51% at the current $829,000. Equity gained on principal adds $5,349/yr, and 5% annual appreciation supports $229,037 by year five. Five-year ROI prints 161.26% and total cumulative return in cash totals $439,816.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $7,952/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Condo
Built in 1988
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 11561, Long Beach, NY area.
| 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 |
Residential
16,421
Single Family
10,519
Multi-Family
5,902
Businesses
857
Date | Event | Price |
|---|---|---|
| 2025-07-25 | Sold | $829,000 |
| 2025-06-06 | Pending sale | $749,999 |
| 2025-05-21 | Listed for sale | $749,999 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
What's Special
Common
Listed by: Richard Baumel • Douglas Elliman Real Estate
Mls Name: OneKey MLS
Mls Provider:
Mls ID: #865137
Disclaimer: Based on information submitted to the MLS GRID as of 2025-11-03 21:48:05 PST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#778)
