68 Summers StOyster 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
Rental property for sale in Oyster Bay at 68 Summers St, Oyster Bay, NY, 11771 generates $6,347/mo in rent and, after a $4,283/mo payment, leaves $504/mo in cash flow. Total monthly income is $6,347/mo, and annual cash flow is $6,043/yr on $287,875 invested. Return on cash invested sits at 22.16% in year one, and rental yield is 8.7% on a $875,000 entry. Equity gained on principal adds $5,646/yr, while 5% annual appreciation builds toward $241,746 over five years. Five-year ROI reaches 115.52% and total cumulative return in cash sums $332,555. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $6,347/mo property income rather than buyer’s personal income.
Single Family
Built in 1926
9,350 sqft 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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