6 Gipson StFar RockawayNY11691
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Far Rockaway at 6 Gipson St, Far Rockaway, NY, 11691 at $520,000 posts ROI 22.59% with $361/mo cash flow from $3,833/mo rent. Total monthly income equals $3,833/mo, and annual cash flow records $4,328/yr on $171,080 to close. Return on cash invested measures 22.59% and rental yield reads 8.85% at the current $520,000. Equity gained on principal adds $3,355/yr, and 5% annual appreciation supports $143,666 by year five. Five-year ROI prints 117.83% and total cumulative return in cash totals $201,587.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,833/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1920
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11691, Far Rockaway, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,618 (100%) |
| Owner Occupied HU | 5,020 (21.3%) |
| Renter Occupied HU | 17,299 (73.2%) |
| Vacant Housing Units | 1,299 ( 5.5%) |
| Median Home Value | $689,409 |
| Average Home Value | $749,322 |
Housing Distribution
Address Breakdown
Residential
20,297
Single Family
7,945
Multi-Family
12,352
Businesses
623
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Listed by: Terri Patterson • Coldwell Banker Reliable Real Estate
Mls Name: StreetEasy
Mls ID: #S1798815