524 127th Bch UNIT 2Rockaway ParkNY11694
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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 Rockaway Park at 524 127th Bch UNIT 2, Rockaway Park, NY, 11694 generates $6,105/mo in rent, after a $5,629/mo payment. Total monthly income is $6,105/mo. Return on cash invested sits at 15.3% in year one, and rental yield is 6.37% on a $1,150,000 entry. Equity gained on principal adds $7,421/yr, while 5% annual appreciation builds toward $317,724 over five years. Five-year ROI reaches 78.69% and total cumulative return in cash sums $293,181. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $6,105/mo property income rather than buyer’s personal income.
Multi Family
Built in 1950
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11694, Rockaway Park, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,895 (100%) |
| Owner Occupied HU | 3,917 (44.0%) |
| Renter Occupied HU | 3,961 (44.5%) |
| Vacant Housing Units | 1,017 (11.4%) |
| Median Home Value | $886,014 |
| Average Home Value | $919,362 |
Housing Distribution
Address Breakdown
Residential
7,768
Single Family
4,451
Multi-Family
3,317
Businesses
381
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Listed by: Casey Mullin • Compass
Mls Name: StreetEasy
Mls ID: #S1765862