6939 Elizabeth AvenueFar RockawayNY11692
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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 Far Rockaway at 6939 Elizabeth Avenue, Far Rockaway, NY, 11692 generates $2,036/mo in rent, after a $1,493/mo payment. Total monthly income is $2,036/mo. Return on cash invested sits at 19.9% in year one, and rental yield is 8.01% on a $305,000 entry. Equity gained on principal adds $1,968/yr, while 5% annual appreciation builds toward $84,266 over five years. Five-year ROI reaches 103.46% and total cumulative return in cash sums $104,602. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,036/mo property income rather than buyer’s personal income.
Single Family
Built in 1925
2,500 sqft 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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Listed by: Roman Davydov • Exit Realty First Choice
Mls Name: OneKey MLS
Mls ID: #901864