11 Ridge DrSag HarborNY11963
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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 Sag Harbor at 11 Ridge Dr, Sag Harbor, NY, 11963 priced at $1,995,000 pairs $6,301/mo rent with after a $9,765/mo payment. Total monthly income equals $6,301/mo. Return on cash invested is 7.33% in year one, and rental yield stands at 3.79% on a $1,995,000 basis. Equity gained on principal adds $12,873/yr, and 5% annual appreciation accumulates to $551,182 by year five. Five-year ROI measures 35.97% and total cumulative return in cash reaches $232,509. For financing, Ziffy Mortgage’s DSCR program evaluates $6,301/mo property income against a $9,765/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1965
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11963, Sag Harbor, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,962 (100%) |
| Owner Occupied HU | 2,952 (49.5%) |
| Renter Occupied HU | 684 (11.5%) |
| Vacant Housing Units | 2,326 (39.0%) |
| Median Home Value | $1,132,682 |
| Average Home Value | $1,315,119 |
Housing Distribution
Address Breakdown
Residential
4,566
Single Family
4,492
Multi-Family
74
Businesses
459
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Listed by: Jon Westervelt - Real Estate Sales Person • Corcoran Group
Mls Name: Out East
Mls ID: #390851