29 Candlewood RoadBay 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 29 Candlewood Road, Bay Shore, NY, 11706 priced at $561,800 converts $3,960/mo rent into $208/mo cash flow after a $2,750/mo obligation. Total monthly income equals $3,960/mo, and annual cash flow totals $2,497/yr on $184,832 invested. Return on cash invested prints 21.41% in year one, and rental yield reads 8.46% against a $561,800 entry. Equity gained on principal adds $3,625/yr, while 5% annual appreciation compiles into $155,215 by year five. Five-year ROI reaches 111.54% and total cumulative return in cash sums $206,154. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,960/mo property income covering a $2,750/mo payment, not borrower’s personal income.
Single Family
Built in 1965
8,712 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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