64-16 Beach Front RdArverneNY11692
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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 Arverne at 64-16 Beach Front Rd, Arverne, NY, 11692 priced at $1,470,000 pairs $6,662/mo rent with after a $7,195/mo payment. Total monthly income equals $6,662/mo. Return on cash invested is 12.42% in year one, and rental yield stands at 5.44% on a $1,470,000 basis. Equity gained on principal adds $9,486/yr, and 5% annual appreciation accumulates to $406,134 by year five. Five-year ROI measures 63.25% and total cumulative return in cash reaches $301,260. For financing, Ziffy Mortgage’s DSCR program evaluates $6,662/mo property income against a $7,195/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2014
N/A lot
$N/A/sqft
No HOA
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
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