2 Bay Club Drive #1Z3BaysideNY11360
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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 Bayside at 2 Bay Club Drive #1Z3, Bayside, NY, 11360 offers $3,240/mo rent that, after a $3,230/mo payment. Total monthly income is $3,240/mo. Return on cash invested measures 13.61% in year one, and rental yield stands at 5.89% at a $659,888 entry. Equity gained on principal adds $4,258/yr while 5% annual appreciation compounds into $182,315 by year five. Five-year ROI records 69.69% and total cumulative return in cash reaches $151,306. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,240/mo property income versus a $3,230/mo payment rather than borrower’s personal income verification through 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: 11360, Bayside, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,496 (100%) |
| Owner Occupied HU | 6,336 (66.7%) |
| Renter Occupied HU | 2,598 (27.4%) |
| Vacant Housing Units | 562 ( 5.9%) |
| Median Home Value | $742,463 |
| Average Home Value | $801,650 |
Housing Distribution
Address Breakdown
Residential
8,782
Single Family
4,071
Multi-Family
4,711
Businesses
319
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