601 Derby Dr EOceansideNY11572
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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 Oceanside at 601 Derby Dr E, Oceanside, NY, 11572 at $732,000 posts ROI 29.75% with $1,945/mo cash flow from $6,833/mo rent. Total monthly income equals $6,833/mo, and annual cash flow records $23,335/yr on $240,828 to close. Return on cash invested measures 29.75% and rental yield reads 11.2% at the current $732,000. Equity gained on principal adds $4,723/yr, and 5% annual appreciation supports $202,238 by year five. Five-year ROI prints 156.23% and total cumulative return in cash totals $376,242.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $6,833/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1950
0.51 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11572, Oceanside, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,315 (100%) |
| Owner Occupied HU | 9,480 (83.8%) |
| Renter Occupied HU | 1,490 (13.2%) |
| Vacant Housing Units | 345 ( 3.0%) |
| Median Home Value | $677,989 |
| Average Home Value | $745,440 |
Housing Distribution
Address Breakdown
Residential
10,606
Single Family
9,858
Multi-Family
748
Businesses
920
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