6 Cail DrEast RockawayNY11518
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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 East Rockaway at 6 Cail Dr, East Rockaway, NY, 11518 offers $6,330/mo rent that, after a $4,527/mo payment, leaves $153/mo cash flow. Total monthly income is $6,330/mo, and annual cash flow is $1,841/yr on $304,325 cash. Return on cash invested measures 20.67% in year one, and rental yield stands at 8.21% at a $925,000 entry. Equity gained on principal adds $5,969/yr while 5% annual appreciation compounds into $255,560 by year five. Five-year ROI records 107.51% and total cumulative return in cash reaches $327,193. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $6,330/mo property income versus a $4,527/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1950
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11518, East Rockaway, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,468 (100%) |
| Owner Occupied HU | 3,172 (71.0%) |
| Renter Occupied HU | 1,084 (24.3%) |
| Vacant Housing Units | 212 ( 4.7%) |
| Median Home Value | $668,685 |
| Average Home Value | $667,781 |
Housing Distribution
Address Breakdown
Residential
4,091
Single Family
3,534
Multi-Family
557
Businesses
290
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Listed by: John Suarez • TIP TOP REALTY MANAGEMENT CORP
Mls Name: NY State MLS
Mls ID: #11562110