189 Elizabeth AveOceansideNY11572
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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 Oceanside at 189 Elizabeth Ave, Oceanside, NY, 11572 offers a 13.23% rental yield on a $502,000 purchase with $5,536/mo rent. Total monthly income registers $5,536/mo, and a $2,457/mo payment leaves $2,184/mo available for distribution. Annual cash flow reaches $26,205/yr on $165,158 to close, and return on cash invested stands at 35.93% in year one. Equity gained on principal adds $3,239/yr while 5% annual appreciation supports $138,693 over five years. Portfolio math shows five-year ROI at 189.35% and total cumulative return in cash at $312,732. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $5,536/mo property income against a $2,457/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1966
8,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11572, Oceanside, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,315 (100%) |
| Owner Occupied HU | 9,480 (83.8%) |
| Renter Occupied HU | 1,490 (13.2%) |
| Vacant Housing Units | 345 ( 3.0%) |
| Median Home Value | $677,989 |
| Average Home Value | $745,440 |
Housing Distribution
Address Breakdown
Residential
10,606
Single Family
9,858
Multi-Family
748
Businesses
920
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