7 Harbour Lane #5BOyster 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 7 Harbour Lane #5B, Oyster Bay, NY, 11771 priced at $289,000 converts $1,927/mo rent into after a $1,415/mo obligation. Total monthly income equals $1,927/mo. Return on cash invested prints 19.87% in year one, and rental yield reads 8% against a $289,000 entry. Equity gained on principal adds $1,865/yr, while 5% annual appreciation compiles into $79,845 by year five. Five-year ROI reaches 103.25% and total cumulative return in cash sums $98,918. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,927/mo property income covering a $1,415/mo payment, not borrower’s personal income.
Condo
Built in 1972
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: Donna M. Scala CBR • LAFFEY REAL ESTATE
Mls Name: OneKey MLS
Mls ID: #932316