7914 Rockaway Beach Boulevard #1JFar RockawayNY11693
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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 7914 Rockaway Beach Boulevard #1J, Far Rockaway, NY, 11693 offers $3,204/mo rent that, after a $1,840/mo payment, leaves $693/mo cash flow. Total monthly income is $3,204/mo, and annual cash flow is $8,322/yr on $124,641 cash. Return on cash invested measures 26.59% in year one, and rental yield stands at 10.23% at a $375,990 entry. Equity gained on principal adds $2,426/yr while 5% annual appreciation compounds into $103,879 by year five. Five-year ROI records 139.29% and total cumulative return in cash reaches $173,618. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,204/mo property income versus a $1,840/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 2006
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11693, Far Rockaway, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,533 (100%) |
| Owner Occupied HU | 2,272 (41.1%) |
| Renter Occupied HU | 2,861 (51.7%) |
| Vacant Housing Units | 400 ( 7.2%) |
| Median Home Value | $505,449 |
| Average Home Value | $521,181 |
Housing Distribution
Address Breakdown
Residential
5,028
Single Family
1,929
Multi-Family
3,099
Businesses
214
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Listed by: Nini P. Alonso • BNB Realty Inc
Mls Name: OneKey MLS
Mls ID: #865632