7 Compass walkOcean BeachNY11770
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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 Ocean Beach at 7 Compass walk, Ocean Beach, NY, 11770 offers $3,380/mo rent that, after a $3,916/mo payment. Total monthly income is $3,380/mo. Return on cash invested measures 11.11% in year one, and rental yield stands at 5.07% at a $800,000 entry. Equity gained on principal adds $5,162/yr while 5% annual appreciation compounds into $221,025 by year five. Five-year ROI records 56.29% and total cumulative return in cash reaches $148,148. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,380/mo property income versus a $3,916/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1984
4,356 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
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Listed by: Megan Wallace • F I N Y Real Estate Co LLC
Mls Name: OneKey MLS
Mls ID: #892737