6 Anchorage Lane #5AOyster BayNY11771
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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 Oyster Bay at 6 Anchorage Lane #5A, Oyster Bay, NY, 11771 uses $119,009 cash to close to unlock $9,201/yr annual cash flow and $767/mo monthly cash flow. Total monthly income runs $3,164/mo, and a $1,757/mo payment keeps the spread at $767/mo. Purchase price stands at $359,000, and rental yield measures 10.58% with $3,164/mo rent. Return on cash invested shows 27.64% in year one, and 5% annual appreciation builds toward $99,185 over five years. Five-year ROI reaches 144.94% and total cumulative return in cash records $172,495. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,164/mo property income covering a $1,757/mo payment rather than investor’s personal income.
Condo
Built in 1971
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11771, Oyster Bay, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,522 (100%) |
| Owner Occupied HU | 2,917 (64.5%) |
| Renter Occupied HU | 1,288 (28.5%) |
| Vacant Housing Units | 317 ( 7.0%) |
| Median Home Value | $949,581 |
| Average Home Value | $1,190,249 |
Housing Distribution
Address Breakdown
Residential
3,802
Single Family
3,535
Multi-Family
267
Businesses
507
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Listed by: Larraine Tassis CBR • Daniel Gale Sothebys Intl Rlty
Mls Name: OneKey MLS
Mls ID: #936547