55 Monroe Boulevard #2LLong BeachNY11561
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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 Long Beach at 55 Monroe Boulevard #2L, Long Beach, NY, 11561 earns $785/mo cash flow from $3,650/mo rent with a $2,100/mo payment. Total monthly income totals $3,650/mo, and annual cash flow totals $9,419/yr on $142,214 capital. ROI tracks 26.53% on current figures, and rental yield reads 10.21% at a $429,000 purchase. Equity gained on principal adds $2,768/yr, and 5% annual appreciation supports $118,525 over five years. Five-year ROI reaches 138.99% and total cumulative return in cash sums $197,665. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,650/mo property income instead of your personal income.
Condo
Built in 1965
N/A lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
16,421
Single Family
10,519
Multi-Family
5,902
Businesses
857
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Listed by: Michael J. Scully • Century 21 Scully Realty
Mls Name: OneKey MLS
Mls ID: #952987