12 Handy LnAmagansettNY11930
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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 Amagansett at 12 Handy Ln, Amagansett, NY, 11930 priced at $1,695,000 converts $10,620/mo rent into after a $8,296/mo obligation. Total monthly income equals $10,620/mo. Return on cash invested prints 18.84% in year one, and rental yield reads 7.52% against a $1,695,000 entry. Equity gained on principal adds $10,938/yr, while 5% annual appreciation compiles into $468,297 by year five. Five-year ROI reaches 97.69% and total cumulative return in cash sums $536,481. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $10,620/mo property income covering a $8,296/mo payment, not borrower’s personal income.
Single Family
Built in N/A
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11930, Amagansett, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,106 (100%) |
| Owner Occupied HU | 701 (33.3%) |
| Renter Occupied HU | 166 ( 7.9%) |
| Vacant Housing Units | 1,239 (58.8%) |
| Median Home Value | $1,777,174 |
| Average Home Value | $1,660,842 |
Housing Distribution
Address Breakdown
Residential
50
Single Family
50
Multi-Family
0
Businesses
267
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Listed by: Romaine Gordon - Real Estate Sales Person • Saunders & Associates
Mls Name: Out East
Mls ID: #383572