3 Cedar RoadSound 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
Investment property for sale in Sound Beach at 3 Cedar Road, Sound Beach, NY, 11789 with 5% annual appreciation on a $499,000 basis while $4,200/mo rent supports operations. Total monthly income totals $4,200/mo and a $2,442/mo payment preserves $868/mo for cash returns. Annual cash flow comes to $10,417/yr on $165,419 deployed, and return on cash invested reaches 26.21% in year one. Equity gained on principal adds $3,220/yr, and five-year appreciation sums $137,865 alongside rental yield of 10.1%. Five-year ROI measures 137.28% and total cumulative return in cash totals $227,082.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $4,200/mo property income versus a $2,442/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1941
10,019 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: Cynthia Rodriguez • Coldwell Banker M&D Good Life
Mls Name: OneKey MLS
Mls ID: #953608