750 Lido Boulevard #77BLong BeachNY11561
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 750 Lido Boulevard #77B, Long Beach, NY, 11561 offers a 9.84% rental yield on a $627,000 purchase with $5,141/mo rent. Total monthly income registers $5,141/mo, and a $3,069/mo payment leaves $954/mo available for distribution. Annual cash flow reaches $11,446/yr on $206,283 to close, and return on cash invested stands at 25.61% in year one. Equity gained on principal adds $4,046/yr while 5% annual appreciation supports $173,229 over five years. Portfolio math shows five-year ROI at 134.01% and total cumulative return in cash at $276,449. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $5,141/mo property income against a $3,069/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1966
13.18 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Patricia Erker GRI CRS CBR SRES SR • Douglas Elliman Real Estate
Mls Name: OneKey MLS
Mls ID: #898503