2 Cherry RoadBayvilleNY11709
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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 Bayville at 2 Cherry Road, Bayville, NY, 11709 offers $3,006/mo rent that, after a $2,442/mo payment. Total monthly income is $3,006/mo. Return on cash invested measures 17.54% in year one, and rental yield stands at 7.23% at a $499,000 entry. Equity gained on principal adds $3,220/yr while 5% annual appreciation compounds into $137,865 by year five. Five-year ROI records 90.82% and total cumulative return in cash reaches $150,234. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,006/mo property income versus a $2,442/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1948
6,099 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11709, Bayville, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,681 (100%) |
| Owner Occupied HU | 2,023 (75.5%) |
| Renter Occupied HU | 476 (17.8%) |
| Vacant Housing Units | 182 ( 6.8%) |
| Median Home Value | $802,227 |
| Average Home Value | $891,390 |
Housing Distribution
Address Breakdown
Residential
2,537
Single Family
2,528
Multi-Family
9
Businesses
130
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