11 Harbour Lane #1AOyster BayNY11771
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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 Oyster Bay at 11 Harbour Lane #1A, Oyster Bay, NY, 11771 offers a 10.53% rental yield on a $489,000 purchase with $4,292/mo rent. Total monthly income registers $4,292/mo, and a $2,393/mo payment leaves $1,027/mo available for distribution. Annual cash flow reaches $12,323/yr on $162,104 to close, and return on cash invested stands at 27.51% in year one. Equity gained on principal adds $3,155/yr while 5% annual appreciation supports $135,102 over five years. Portfolio math shows five-year ROI at 144.24% and total cumulative return in cash at $233,818. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,292/mo property income against a $2,393/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1972
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11771, Oyster Bay, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,522 (100%) |
| Owner Occupied HU | 2,917 (64.5%) |
| Renter Occupied HU | 1,288 (28.5%) |
| Vacant Housing Units | 317 ( 7.0%) |
| Median Home Value | $949,581 |
| Average Home Value | $1,190,249 |
Housing Distribution
Address Breakdown
Residential
3,802
Single Family
3,535
Multi-Family
267
Businesses
507
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Listed by: Julie A. Accetta CBR • Douglas Elliman Real Estate
Mls Name: OneKey MLS
Mls ID: #912544