30 Long Beach DriveSound BeachNY11789
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
Rental property for sale in Sound Beach at 30 Long Beach Drive, Sound Beach, NY, 11789 offers $3,000/mo rent that, after a $2,202/mo payment. Total monthly income is $3,000/mo. Return on cash invested measures 19.87% in year one, and rental yield stands at 8% at a $449,900 entry. Equity gained on principal adds $2,903/yr while 5% annual appreciation compounds into $124,299 by year five. Five-year ROI records 103.3% and total cumulative return in cash reaches $154,066. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,000/mo property income versus a $2,202/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1930
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Linda Stowell • Howard Hanna Coach
Mls Name: OneKey MLS
Mls ID: #923327