1040 Nakomis RoadSoutholdNY11971
Nearby investment properties with comparable rents
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 Southold at 1040 Nakomis Road, Southold, NY, 11971 uses $253,297 cash to close to unlock $24,708/yr annual cash flow and $2,059/mo monthly cash flow. Total monthly income runs $7,200/mo, and a $3,768/mo payment keeps the spread at $2,059/mo. Purchase price stands at $769,900, and rental yield measures 11.22% with $7,200/mo rent. Return on cash invested shows 29.81% in year one, and 5% annual appreciation builds toward $212,709 over five years. Five-year ROI reaches 156.59% and total cumulative return in cash records $396,637. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $7,200/mo property income covering a $3,768/mo payment rather than investor’s personal income.
Single Family
Built in 1971
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11971, Southold, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,335 (100%) |
| Owner Occupied HU | 2,232 (51.5%) |
| Renter Occupied HU | 421 ( 9.7%) |
| Vacant Housing Units | 1,682 (38.8%) |
| Median Home Value | $805,816 |
| Average Home Value | $905,335 |
Housing Distribution
Address Breakdown
Residential
3,098
Single Family
3,056
Multi-Family
42
Businesses
361
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices