3068 Morrow RoadOceansideNY11572
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 Oceanside at 3068 Morrow Road, Oceanside, NY, 11572 priced at $572,000 converts $7,344/mo rent into $3,524/mo cash flow after a $2,800/mo obligation. Total monthly income equals $7,344/mo, and annual cash flow totals $42,287/yr on $188,188 invested. Return on cash invested prints 42.53% in year one, and rental yield reads 15.41% against a $572,000 entry. Equity gained on principal adds $3,691/yr, while 5% annual appreciation compiles into $158,033 by year five. Five-year ROI reaches 224.75% and total cumulative return in cash sums $422,957. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $7,344/mo property income covering a $2,800/mo payment, not borrower’s personal income.
Single Family
Built in 1972
4,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11572, Oceanside, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,315 (100%) |
| Owner Occupied HU | 9,480 (83.8%) |
| Renter Occupied HU | 1,490 (13.2%) |
| Vacant Housing Units | 345 ( 3.0%) |
| Median Home Value | $677,989 |
| Average Home Value | $745,440 |
Housing Distribution
Address Breakdown
Residential
10,606
Single Family
9,858
Multi-Family
748
Businesses
920
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Nearby investment properties with comparable prices
Listed by: Michael J Kenduck • Coldwell Banker American Homes
Mls Name: OneKey MLS
Mls Provider:
Mls ID: #3574346
Disclaimer: The data relating to real estate for sale or lease on this web site comes in part from OneKey MLS. Real estate listings held by brokerage firms other than Zillow, Inc are marked with the OneKey MLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2024 OneKey MLS. All rights reserved.