3 Beacon DriveSound BeachNY11789
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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 Sound Beach at 3 Beacon Drive, Sound Beach, NY, 11789 priced at $459,000 converts $3,000/mo rent into after a $2,247/mo obligation. Total monthly income equals $3,000/mo. Return on cash invested prints 19.39% in year one, and rental yield reads 7.84% against a $459,000 entry. Equity gained on principal adds $2,962/yr, while 5% annual appreciation compiles into $126,813 by year five. Five-year ROI reaches 100.73% and total cumulative return in cash sums $153,263. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,000/mo property income covering a $2,247/mo payment, not borrower’s personal income.
Single Family
Built in 1951
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11789, Sound Beach, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,940 (100%) |
| Owner Occupied HU | 2,279 (77.5%) |
| Renter Occupied HU | 434 (14.8%) |
| Vacant Housing Units | 227 ( 7.7%) |
| Median Home Value | $503,567 |
| Average Home Value | $555,029 |
Housing Distribution
Address Breakdown
Residential
2,765
Single Family
2,765
Multi-Family
0
Businesses
79
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Listed by: Diane Wolyniec • Daniel Gale Sothebys Intl Rlty
Mls Name: OneKey MLS
Mls ID: #910311