565 Beach 65th StreetFar RockawayNY11692
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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
Total monthly income runs $3,821/mo, and a $3,353/mo payment. Purchase price stands at $685,000, and rental yield measures 6.69% with $3,821/mo rent. Return on cash invested shows 16.05% in year one, and 5% annual appreciation builds toward $189,253 over five years. Five-year ROI reaches 82.76% and total cumulative return in cash records $186,502. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,821/mo property income covering a $3,353/mo payment rather than investor’s personal income.
Single Family
Built in 1955
2,950 sqft lot
$N/A/sqft
No HOA
More details about the property
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
Price History
Date | Event | Price |
|---|---|---|
| 2024-12-30 | Pending sale | $795,000 |
| 2024-10-23 | Listed for sale | $795,000 |
| 2009-05-06 | Listing removed | $1,375,000 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-05-28 | N/A | N/A | $33,840 | 11.02% |
| 2023-05-28 | N/A | N/A | $30,480 | 0.99% |
| 2022-05-28 | N/A | N/A | $30,180 | 20.62% |
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Facts & Features
General Information
- Type: SingleFamily
- Year Built: 1955
- Architectural Style: Colonial
- Building Area: 2,008
- Living Area: 2,008 sqft
- Property Condition: N/A
Features & Amenities
- Heating: Forced Air
- Cooling: Central Air
- Flooring: Hardwood
- Interior Features: Entrance Foyer, Formal Dining
- Exterior Features: N/A
- Parking Features: Attached, Driveway, Garage Door Opener, Private
Location
- City: Far Rockaway
- State: NY
- Subdivision: N/A
- Lot Size: 2,950 sqft
- Lot Features: Near Public Transit, Near School, Near Shops, Level
- View: N/A
HOA & Fees
- HOA Fee: N/A
- Association Fee: N/A
- Fees & Dues: N/A
- Association Amenities: Park
- Association Fee Includes: N/A
Utilities
- Utilities: See Remarks
- Sewer: Public Sewer
- Water Source: Public
- Road Surface Type: N/A
School Information
- Elementary School: Contact Agent
- Middle School: Scholars' Academy
- High School: Channel View School For Research
What's Special
None
Listed by: Danielle I. Lenard • Signature Premier Properties
Mls Name: OneKey MLS
Mls Provider:
Mls ID: #867298
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