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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Rockaway Beach at 91-16 Shore Front Parkway #5G, Rockaway Beach, NY, 11693 generates $3,900/mo in rent, after a $4,038/mo payment. Total monthly income is $3,900/mo. Return on cash invested sits at 8.02% in year one, and rental yield is 5.67% on a $824,999 entry. Equity gained on principal adds $5,324/yr, while 5% annual appreciation builds toward $227,932 over five years. Five-year ROI reaches 41.5% and total cumulative return in cash sums $112,652. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,900/mo property income rather than buyer’s personal income.
Condo
Built in 2005
N/A lot
$N/A/sqft
$1,113 monthly HOA
Neighborhood data shown for ZIP Code: 11693, Far Rockaway, NY area.
| 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 |
Residential
5,028
Single Family
1,929
Multi-Family
3,099
Businesses
214
Date | Event | Price |
|---|---|---|
| 2025-06-30 | Listed for sale | $824,999 |
| 2015-02-12 | Sold | $472,500 |
| 2015-01-06 | Listed for sale | $525,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-07-01 | N/A | N/A | $48,781 | -1.46% |
| 2023-07-01 | N/A | N/A | $49,505 | 4.84% |
| 2022-07-01 | N/A | N/A | $47,219 | 4.91% |
What's Special
None
Listed by: Yelnia Casilla • ROCKAWAY PROPERTIES
Mls Name: OneKey MLS
Mls Provider:
Mls ID: #883905
Disclaimer: The data relating to real estate for sale or lease on this web site comes in part from OneKey MLS. Real estate listings held by brokerage firms other than Zillow, Inc are marked with the OneKey MLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2025 OneKey MLS. All rights reserved.
