59 Laurel AvenueOcean BeachNY11770
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 Ocean Beach at 59 Laurel Avenue, Ocean Beach, NY, 11770 projects strong ROI of 5.3%. Rental yield 3.13%. With 5% annual appreciation, the property builds $1,063,684 in value over five years. Equity growth combined delivers a projected five-year ROI of 25.04%, translating into $312,392 in total cumulative return on $1,247,400 invested capital. You can finance this property with Ziffy Mortgage’s DSCR loan, which leverages the property’s income for qualification rather than your personal income.
Single Family
Built in 1957
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11770, Ocean Beach, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,952 (100%) |
| Owner Occupied HU | 214 (11.0%) |
| Renter Occupied HU | 45 ( 2.3%) |
| Vacant Housing Units | 1,693 (86.7%) |
| Median Home Value | $702,500 |
| Average Home Value | $828,294 |
Housing Distribution
Address Breakdown
Residential
50
Single Family
50
Multi-Family
0
Businesses
70
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Abigail Mago • Fire Island Sales And Rentals
Mls Name: OneKey MLS
Mls ID: #901137