H Plan, Marina Pointe East RockawayEast RockawayNY11518
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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
Investment property for sale in East Rockaway at H Plan, Marina Pointe East Rockaway, East Rockaway, NY, 11518 offers a 12.61% rental yield on a $669,000 purchase with $7,032/mo rent. Total monthly income registers $7,032/mo, and a $3,274/mo payment leaves $2,565/mo available for distribution. Annual cash flow reaches $30,779/yr on $220,101 to close, and return on cash invested stands at 34.04% in year one. Equity gained on principal adds $4,317/yr while 5% annual appreciation supports $184,832 over five years. Portfolio math shows five-year ROI at 179.25% and total cumulative return in cash at $394,527. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $7,032/mo property income against a $3,274/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2024
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11518, East Rockaway, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,468 (100%) |
| Owner Occupied HU | 3,172 (71.0%) |
| Renter Occupied HU | 1,084 (24.3%) |
| Vacant Housing Units | 212 ( 4.7%) |
| Median Home Value | $668,685 |
| Average Home Value | $667,781 |
Housing Distribution
Address Breakdown
Residential
4,091
Single Family
3,534
Multi-Family
557
Businesses
290
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Listed by: N/A • Beechwood Homes
Mls Name: Beechwood Homes
Mls ID: #N/A