627 Oceanfront #ALong 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
Rental property for sale in Long Beach at 627 Oceanfront #A, Long Beach, NY, 11561 priced at $1,399,999 pairs $4,783/mo rent with after a $6,852/mo payment. Total monthly income equals $4,783/mo. Return on cash invested is 8.29% in year one, and rental yield stands at 4.1% on a $1,399,999 basis. Equity gained on principal adds $9,034/yr, and 5% annual appreciation accumulates to $386,794 by year five. Five-year ROI measures 41.1% and total cumulative return in cash reaches $186,451. For financing, Ziffy Mortgage’s DSCR program evaluates $4,783/mo property income against a $6,852/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1985
0.76 Acres 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: Jennifer McConnell • BERKSHIRE HATHAWAY
Mls Name: OneKey MLS
Mls ID: #945592