1520 Bay AveEast MarionNY11939
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 East Marion at 1520 Bay Ave, East Marion, NY, 11939 offers $7,548/mo rent that, after a $3,421/mo payment, leaves $2,880/mo cash flow. Total monthly income is $7,548/mo, and annual cash flow is $34,565/yr on $229,971 cash. Return on cash invested measures 35.09% in year one, and rental yield stands at 12.96% at a $699,000 entry. Equity gained on principal adds $4,511/yr while 5% annual appreciation compounds into $193,121 by year five. Five-year ROI records 184.88% and total cumulative return in cash reaches $425,162. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $7,548/mo property income versus a $3,421/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1961
0.92 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11939, East Marion, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 942 (100%) |
| Owner Occupied HU | 414 (43.9%) |
| Renter Occupied HU | 75 ( 8.0%) |
| Vacant Housing Units | 453 (48.1%) |
| Median Home Value | $867,925 |
| Average Home Value | $982,500 |
Housing Distribution
Address Breakdown
Residential
562
Single Family
562
Multi-Family
0
Businesses
43
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Listed by: Paul Loeb - Real Estate Sales Person • Douglas Elliman Real Estate
Mls Name: Out East
Mls ID: #382695