870 Heights PlaceOyster 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
Investment property for sale in Oyster Bay at 870 Heights Place, Oyster Bay, NY, 11771 with 5% annual appreciation on a $1,199,000 basis while $4,466/mo rent supports operations. 43% in year one. Equity gained on principal adds $7,737/yr, and five-year appreciation sums $331,262 alongside rental yield of 4.47%. Five-year ROI measures 47.21% and total cumulative return in cash totals $183,405. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $4,466/mo property income versus a $5,869/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1956
10,600 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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Listed by: Mishelle M. Berger Calo • Compass Greater NY LLC
Mls Name: OneKey MLS
Mls ID: #890360