1162 E 3rd AvenueBay ShoreNY11706
Nearby investment properties with comparable rents
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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 1162 E 3rd Avenue, Bay Shore, NY, 11706 generates $4,109/mo in rent and, after a $2,300/mo payment, leaves $971/mo in cash flow. Total monthly income is $4,109/mo, and annual cash flow is $11,652/yr on $155,772 invested. Return on cash invested sits at 27.39% in year one, and rental yield is 10.49% on a $469,900 entry. Equity gained on principal adds $3,032/yr, while 5% annual appreciation builds toward $129,825 over five years. Five-year ROI reaches 143.63% and total cumulative return in cash sums $223,730. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,109/mo property income rather than buyer’s personal income.
Townhouse
Built in 1996
5,227 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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Listed by: Yenny N Benitez • Millennium Homes
Mls Name: OneKey MLS
Mls Provider:
Mls ID: #3581873
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