1156 E 3rd AveBay ShoreNY11706
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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
Rental property for sale in Bay Shore at 1156 E 3rd Ave, Bay Shore, NY, 11706 generates $3,431/mo in rent and, after a $2,227/mo payment, leaves $393/mo in cash flow. Total monthly income is $3,431/mo, and annual cash flow is $4,713/yr on $150,799 invested. Return on cash invested sits at 23.03% in year one, and rental yield is 9.05% on a $454,900 entry. Equity gained on principal adds $2,935/yr, while 5% annual appreciation builds toward $125,680 over five years. Five-year ROI reaches 120.24% and total cumulative return in cash sums $181,316. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,431/mo property income rather than buyer’s personal income.
Single Family
Built in 1930
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11706, Bay Shore, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,234 (100%) |
| Owner Occupied HU | 13,850 (62.3%) |
| Renter Occupied HU | 6,335 (28.5%) |
| Vacant Housing Units | 2,049 ( 9.2%) |
| Median Home Value | $544,434 |
| Average Home Value | $584,595 |
Housing Distribution
Address Breakdown
Residential
17,990
Single Family
16,395
Multi-Family
1,595
Businesses
1,907
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