33 S Beach AvenueDiamond PtNY12824
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 Diamond Pt at 33 S Beach Avenue, Diamond Pt, NY, 12824 priced at $489,900 converts $4,560/mo rent into $1,288/mo cash flow after a $2,398/mo obligation. Total monthly income equals $4,560/mo, and annual cash flow totals $15,460/yr on $162,402 invested. Return on cash invested prints 29.43% in year one, and rental yield reads 11.17% against a $489,900 entry. Equity gained on principal adds $3,161/yr, while 5% annual appreciation compiles into $135,350 by year five. Five-year ROI reaches 154.55% and total cumulative return in cash sums $250,997. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,560/mo property income covering a $2,398/mo payment, not borrower’s personal income.
Single Family
Built in 1974
0.38 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12824, Diamond Point, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,089 (100%) |
| Owner Occupied HU | 350 (32.1%) |
| Renter Occupied HU | 75 ( 6.9%) |
| Vacant Housing Units | 664 (61.0%) |
| Median Home Value | $589,286 |
| Average Home Value | $942,450 |
Housing Distribution
Address Breakdown
Residential
384
Single Family
384
Multi-Family
0
Businesses
24
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Nearby investment properties with comparable prices
Listed by: Melissa S O'Reilly • Four Seasons Sotheby's International Realty
Mls Name: Global MLS
Mls ID: #202524348