Real Estate Investing in East Rockaway, New York (11518)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 11518 (East Rockaway, NY)? Our answer, based on the numbers below.
Mixed — home prices are stretched relative to local incomes. Run the math on your specific situation.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
What’s happening in East Rockaway, NY (11518)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 11518 East Rockaway
Looking more closely, ZIP 11518 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $741K median. It rewards specialists, not generalists.
On the rental side, the numbers look inviting — $741K purchase price, 0.0% nominal cap — the work to hit that pro forma in 11518 is substantial and deserves full respect.
Statewide comparisons place 11518 among NY's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
The demographic picture in 11518 includes headwinds that any investor should price in. Income distribution skews lower than East Rockaway averages, and tenant stability requires active management.
tilts toward the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in East Rockaway:
Property Strategy for 11518
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $543,687 | $2,710 | 3.6% | +7.1% | $271,844 |
| 3BR | $715,700 | $3,520 | 3.5% | +6.2% | $238,567 |
| 4BR | $836,212 | $3,720 | 3.2% | +6.6% | $209,053 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 11518 Compare?
| Metric | 11518 | East Rockaway | New York |
|---|---|---|---|
| Home Value | $741,300 | $741,300 | $505,608 |
| 5-Year CAGR | 4.5% | 4.5% | 6.6% |
| Avg Rent | $2,806 | $2,806 | - |
| Cap Rate | 3.0% | 3.0% | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 11518 (East Rockaway, NY). Anonymous, moderated, never written by AI.
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Property managers serving Nassau County
Manage rentals here? List your business →Bell Realty Management, Inc. is a premier management company for apartment houses, retail, office, mixed-use, and various commercial properties in NYC and Long Island. summary from their website
Cain Realty Management Corp. is a family-owned and operated industrial and commercial property management company in Plainview, NY. summary from their website
Boraie Development creates and manages visionary communities in New Jersey's urban centers, focusing on transformative projects. summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $741,300 |
| Monthly Rent | $2,806 |
| Price-to-Rent | 22.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.5% |
| Cap Rate | 3.0% |
| 5-Year IRR | 7.4% |
📈 Home Appreciation
| 1-Year | +3.9% ▲ |
| 3-Year CAGR | +4.2% ▲ |
| 5-Year CAGR | +4.5% ▲ |
| 10-Year CAGR | +5.6% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.0%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 11518
Population: 10,390
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 11518
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
BROOKLYN AVENUE SCHOOL
DAVISON AVENUE INTERMEDIATE SCHOOL
FOREST ROAD SCHOOL
FRANKLIN EARLY CHILDHOOD CENTER
HEWITT SCHOOL
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Frequently Asked Questions
What are vacancy rates like in East Rockaway, NY?
Vacancy in East Rockaway, NY is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $2,806/mo.
Is East Rockaway, NY a good market for buy-and-hold investors?
Our data puts East Rockaway, NY at 3.0/5 for investability. Home prices of $741K and rents around $2,806/mo create a solid backdrop for investor activity.
Are renters plentiful in East Rockaway, NY?
East Rockaway, NY draws a steady base of working renters. Demand at the $2,806/mo rent level is reasonable for standard single-family and small multi rentals.
How strict are landlord regulations in East Rockaway, NY?
Rental owners in East Rockaway, NY deal with a tenant-protective legal framework. Most standard eviction processes run on reasonable timelines.
What price range are homes in East Rockaway, NY?
Median home price in East Rockaway, NY is near $741K, with a 5-year CAGR of 0.0%. Prices have been predictable and supportive of buy-and-hold strategies.
You know 11518 now. You don’t know where it ranks.
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How 11518 ranks in New York-Newark-Jersey City, NY-NJ-PA
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