21 Oakmont LaneBay ShoreNY11706
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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 Bay Shore at 21 Oakmont Lane, Bay Shore, NY, 11706 priced at $795,000 pairs $4,986/mo rent with after a $3,891/mo payment. Total monthly income equals $4,986/mo. Return on cash invested is 18.58% in year one, and rental yield stands at 7.53% on a $795,000 basis. Equity gained on principal adds $5,130/yr, and 5% annual appreciation accumulates to $219,644 by year five. Five-year ROI measures 96.34% and total cumulative return in cash reaches $251,974. For financing, Ziffy Mortgage’s DSCR program evaluates $4,986/mo property income against a $3,891/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1996
2,178 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11706, Bay Shore, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,234 (100%) |
| Owner Occupied HU | 13,850 (62.3%) |
| Renter Occupied HU | 6,335 (28.5%) |
| Vacant Housing Units | 2,049 ( 9.2%) |
| Median Home Value | $544,434 |
| Average Home Value | $584,595 |
Housing Distribution
Address Breakdown
Residential
17,990
Single Family
16,395
Multi-Family
1,595
Businesses
1,907
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