79 15th AvenueSea CliffNY11579
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Nearby investment properties with comparable prices
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 Sea Cliff at 79 15th Avenue, Sea Cliff, NY, 11579 offers a 8.43% rental yield on a $469,900 purchase with $3,300/mo rent. Total monthly income registers $3,300/mo, and a $2,300/mo payment leaves $162/mo available for distribution. Annual cash flow reaches $1,944/yr on $155,772 to close, and return on cash invested stands at 21.16% in year one. Equity gained on principal adds $3,032/yr while 5% annual appreciation supports $129,825 over five years. Portfolio math shows five-year ROI at 110.2% and total cumulative return in cash at $171,662. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,300/mo property income against a $2,300/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1918
2,400 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11579, Sea Cliff, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,086 (100%) |
| Owner Occupied HU | 1,494 (71.6%) |
| Renter Occupied HU | 461 (22.1%) |
| Vacant Housing Units | 131 ( 6.3%) |
| Median Home Value | $930,000 |
| Average Home Value | $1,023,419 |
Housing Distribution
Address Breakdown
Residential
1,968
Single Family
1,918
Multi-Family
50
Businesses
237
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Nearby investment properties with comparable prices
Listed by: Michael J. Carroll • RE/MAX Best
Mls Name: OneKey MLS
Mls Provider:
Mls ID: #847415
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