74 Davis StreetLocust ValleyNY11560
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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 Locust Valley at 74 Davis Street, Locust Valley, NY, 11560 priced at $499,000 converts $3,031/mo rent into after a $2,442/mo obligation. Total monthly income equals $3,031/mo. Return on cash invested prints 17.73% in year one, and rental yield reads 7.29% against a $499,000 entry. Equity gained on principal adds $3,220/yr, while 5% annual appreciation compiles into $137,865 by year five. Five-year ROI reaches 91.8% and total cumulative return in cash sums $151,854. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,031/mo property income covering a $2,442/mo payment, not borrower’s personal income.
Single Family
Built in 1900
5,050 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11560, Locust Valley, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,612 (100%) |
| Owner Occupied HU | 1,842 (70.5%) |
| Renter Occupied HU | 555 (21.2%) |
| Vacant Housing Units | 215 ( 8.2%) |
| Median Home Value | $992,929 |
| Average Home Value | $1,257,448 |
Housing Distribution
Address Breakdown
Residential
2,336
Single Family
2,323
Multi-Family
13
Businesses
394
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Listed by: Samantha Lordi • Compass Greater NY LLC
Mls Name: OneKey MLS
Mls ID: #949034