494 S Ocean Avenue UNIT 2DFreeportNY11520
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
Investment property for sale in Freeport at 494 S Ocean Avenue UNIT 2D, Freeport, NY, 11520 earns from $3,124/mo rent with a $1,463/mo payment. Total monthly income totals $3,124/mo. ROI tracks 16.46% on current figures, and rental yield reads 12.54% at a $299,000 purchase. Equity gained on principal adds $1,929/yr, and 5% annual appreciation supports $82,608 over five years. Five-year ROI reaches 91.17% and total cumulative return in cash sums $90,370. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,124/mo property income instead of your personal income.
Condo
Built in 1950
N/A lot
$N/A/sqft
$1,413 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11520, Freeport, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,329 (100%) |
| Owner Occupied HU | 9,150 (63.9%) |
| Renter Occupied HU | 4,539 (31.7%) |
| Vacant Housing Units | 640 ( 4.5%) |
| Median Home Value | $545,325 |
| Average Home Value | $576,137 |
Housing Distribution
Address Breakdown
Residential
13,424
Single Family
10,224
Multi-Family
3,200
Businesses
1,347
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Luisa M Pennella • Douglas Elliman Real Estate
Mls Name: OneKey MLS
Mls Provider:
Mls ID: #3581116
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.