833 Central Avenue #6GFar RockawayNY11691
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
Rental property for sale in Far Rockaway at 833 Central Avenue #6G, Far Rockaway, NY, 11691 priced at $299,000 pairs $2,818/mo rent with $822/mo cash flow after a $1,463/mo payment. Total monthly income equals $2,818/mo, and annual cash flow comes to $9,861/yr on $99,119 invested. Return on cash invested is 29.86% in year one, and rental yield stands at 11.31% on a $299,000 basis. Equity gained on principal adds $1,929/yr, and 5% annual appreciation accumulates to $82,608 by year five. Five-year ROI measures 156.84% and total cumulative return in cash reaches $155,458. For financing, Ziffy Mortgage’s DSCR program evaluates $2,818/mo property income against a $1,463/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1966
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11691, Far Rockaway, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,618 (100%) |
| Owner Occupied HU | 5,020 (21.3%) |
| Renter Occupied HU | 17,299 (73.2%) |
| Vacant Housing Units | 1,299 ( 5.5%) |
| Median Home Value | $689,409 |
| Average Home Value | $749,322 |
Housing Distribution
Address Breakdown
Residential
20,297
Single Family
7,945
Multi-Family
12,352
Businesses
623
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Pinchus Heskiel • Pin It Realty LLC
Mls Name: OneKey MLS
Mls ID: #957792