987 Surfview 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 987 Surfview Walk, Ocean Beach, NY, 11770 generates $4,492/mo in rent, after a $6,358/mo payment. Total monthly income is $4,492/mo. Return on cash invested sits at 8.44% in year one, and rental yield is 4.15% on a $1,299,000 entry. Equity gained on principal adds $8,382/yr, while 5% annual appreciation builds toward $358,890 over five years. Five-year ROI reaches 41.92% and total cumulative return in cash sums $176,449. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,492/mo property income rather than buyer’s personal income.
Single Family
Built in 1940
3,920 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: Joan Woletsky • Fire Island Sales And Rentals
Mls Name: OneKey MLS
Mls ID: #938933