321 2nd AvenueBayportNY11705
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 Bayport at 321 2nd Avenue, Bayport, NY, 11705 priced at $699,990 converts $3,593/mo rent into after a $3,426/mo obligation. Total monthly income equals $3,593/mo. Return on cash invested prints 14.43% in year one, and rental yield reads 6.16% against a $699,990 entry. Equity gained on principal adds $4,517/yr, while 5% annual appreciation compiles into $193,394 by year five. Five-year ROI reaches 74.05% and total cumulative return in cash sums $170,545. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,593/mo property income covering a $3,426/mo payment, not borrower’s personal income.
Single Family
Built in 1989
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11705, Bayport, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,980 (100%) |
| Owner Occupied HU | 2,204 (74.0%) |
| Renter Occupied HU | 530 (17.8%) |
| Vacant Housing Units | 246 ( 8.3%) |
| Median Home Value | $662,598 |
| Average Home Value | $755,050 |
Housing Distribution
Address Breakdown
Residential
3,000
Single Family
3,000
Multi-Family
0
Businesses
292
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Nearby investment properties with comparable prices
Listed by: Edward J. Jarvis • RE/MAX Best
Mls Name: OneKey MLS
Mls Provider:
Mls ID: #L3570478
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