1305 Cedar DrSoutholdNY11971
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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 Southold at 1305 Cedar Dr, Southold, NY, 11971 generates $7,836/mo in rent and, after a $5,384/mo payment, leaves $490/mo in cash flow. Total monthly income is $7,836/mo, and annual cash flow is $5,884/yr on $356,400 invested. Return on cash invested sits at 22.02% in year one, and rental yield is 8.55% on a $1,100,000 entry. Equity gained on principal adds $7,098/yr, while 5% annual appreciation builds toward $303,910 over five years. Five-year ROI reaches 114.73% and total cumulative return in cash sums $408,895. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $7,836/mo property income rather than buyer’s personal income.
Single Family
Built in 1948
0.60 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
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