7212 Almeda AveFar 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 7212 Almeda Ave, Far Rockaway, NY, 11692 offers $3,426/mo rent that, after a $3,725/mo payment. Total monthly income is $3,426/mo. Return on cash invested measures 12.12% in year one, and rental yield stands at 5.4% at a $761,100 entry. Equity gained on principal adds $4,911/yr while 5% annual appreciation compounds into $210,278 by year five. Five-year ROI records 61.7% and total cumulative return in cash reaches $154,487. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,426/mo property income versus a $3,725/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Apartment
Built in 1998
3,000 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: N/A • N/A
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