650 Shore Road #5PLong 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
Investment property for sale in Long Beach at 650 Shore Road #5P, Long Beach, NY, 11561 offers a 8.58% rental yield on a $420,000 purchase with $3,004/mo rent. Total monthly income registers $3,004/mo, and a $2,056/mo payment leaves $199/mo available for distribution. Annual cash flow reaches $2,388/yr on $139,230 to close, and return on cash invested stands at 21.62% in year one. Equity gained on principal adds $2,710/yr while 5% annual appreciation supports $116,038 over five years. Portfolio math shows five-year ROI at 112.67% and total cumulative return in cash at $156,871. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,004/mo property income against a $2,056/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1973
0.71 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: Camellia Giardina CBR • Leatherman Homes
Mls Name: OneKey MLS
Mls ID: #953748