10 Leland Ln UNIT 21SouthamptonNY11968
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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 Southampton at 10 Leland Ln UNIT 21, Southampton, NY, 11968 generates $11,146/mo in rent and, after a $6,828/mo payment, leaves $1,830/mo in cash flow. Total monthly income is $11,146/mo, and annual cash flow is $21,963/yr on $451,980 invested. Return on cash invested sits at 25.23% in year one, and rental yield is 9.59% on a $1,395,000 entry. Equity gained on principal adds $9,002/yr, while 5% annual appreciation builds toward $385,413 over five years. Five-year ROI reaches 131.93% and total cumulative return in cash sums $596,314. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $11,146/mo property income rather than buyer’s personal income.
Condo
Built in 1989
11 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11968, Southampton, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,356 (100%) |
| Owner Occupied HU | 4,450 (43.0%) |
| Renter Occupied HU | 1,385 (13.4%) |
| Vacant Housing Units | 4,521 (43.7%) |
| Median Home Value | $1,242,895 |
| Average Home Value | $1,373,377 |
Housing Distribution
Address Breakdown
Residential
8,146
Single Family
8,089
Multi-Family
57
Businesses
887
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Listed by: Jennifer Mahoney - Associate Real Estate Broker • Corcoran Group
Mls Name: Out East
Mls ID: #381703