257 E Olive StreetLong BeachNY11561
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Long Beach at 257 E Olive Street, Long Beach, NY, 11561 with 5% annual appreciation on a $1,794,000 basis while $5,442/mo rent supports operations. 87% in year one. Equity gained on principal adds $11,576/yr, and five-year appreciation sums $495,649 alongside rental yield of 3.64%. Five-year ROI measures 33.49% and total cumulative return in cash totals $194,639. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $5,442/mo property income versus a $8,781/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1988
6,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11561, Long Beach, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,839 (100%) |
| Owner Occupied HU | 9,807 (52.1%) |
| Renter Occupied HU | 7,217 (38.3%) |
| Vacant Housing Units | 1,815 ( 9.6%) |
| Median Home Value | $782,079 |
| Average Home Value | $830,581 |
Housing Distribution
Address Breakdown
Residential
16,421
Single Family
10,519
Multi-Family
5,902
Businesses
857
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Miriam Gold • Paul Gold Real Estate Inc
Mls Name: OneKey MLS
Mls ID: #908278