118 Springy Banks RdEast HamptonNY11937
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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 East Hampton at 118 Springy Banks Rd, East Hampton, NY, 11937 generates $8,410/mo in rent, after a $8,198/mo payment. Total monthly income is $8,410/mo. Return on cash invested sits at 14.23% in year one, and rental yield is 6.03% on a $1,675,000 entry. Equity gained on principal adds $10,809/yr, while 5% annual appreciation builds toward $462,772 over five years. Five-year ROI reaches 72.96% and total cumulative return in cash sums $395,958. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $8,410/mo property income rather than buyer’s personal income.
Single Family
Built in 1977
0.60 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11937, East Hampton, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,213 (100%) |
| Owner Occupied HU | 6,209 (47.0%) |
| Renter Occupied HU | 1,540 (11.7%) |
| Vacant Housing Units | 5,464 (41.4%) |
| Median Home Value | $1,090,360 |
| Average Home Value | $1,265,490 |
Housing Distribution
Address Breakdown
Residential
10,889
Single Family
10,683
Multi-Family
206
Businesses
856
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Listed by: Debbie Brenneman - Associate Real Estate Broker • Corcoran Group
Mls Name: Out East
Mls ID: #384367