2 Oyster Cove LaneBlue PointNY11715
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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 Blue Point at 2 Oyster Cove Lane, Blue Point, NY, 11715 offers $3,000/mo rent that, after a $2,565/mo payment. Total monthly income is $3,000/mo. Return on cash invested measures 16.58% in year one, and rental yield stands at 6.87% at a $524,000 entry. Equity gained on principal adds $3,381/yr while 5% annual appreciation compounds into $144,772 by year five. Five-year ROI records 85.63% and total cumulative return in cash reaches $147,631. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,000/mo property income versus a $2,565/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 2000
2,571 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11715, Blue Point, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,713 (100%) |
| Owner Occupied HU | 1,461 (85.3%) |
| Renter Occupied HU | 181 (10.6%) |
| Vacant Housing Units | 71 ( 4.1%) |
| Median Home Value | $655,344 |
| Average Home Value | $684,849 |
Housing Distribution
Address Breakdown
Residential
1,699
Single Family
1,635
Multi-Family
64
Businesses
128
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Listed by: Lawrence McKenna • Signature Premier Properties
Mls Name: OneKey MLS
Mls ID: #926195