14 Old Trail RdWater MillNY11976
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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 Water Mill at 14 Old Trail Rd, Water Mill, NY, 11976 priced at $1,750,000 converts $6,748/mo rent into after a $8,565/mo obligation. Total monthly income equals $6,748/mo. Return on cash invested prints 9.92% in year one, and rental yield reads 4.63% against a $1,750,000 entry. Equity gained on principal adds $11,292/yr, while 5% annual appreciation compiles into $483,493 by year five. Five-year ROI reaches 49.83% and total cumulative return in cash sums $282,561. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $6,748/mo property income covering a $8,565/mo payment, not borrower’s personal income.
Single Family
Built in N/A
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11976, Water Mill, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,256 (100%) |
| Owner Occupied HU | 892 (39.5%) |
| Renter Occupied HU | 133 ( 5.9%) |
| Vacant Housing Units | 1,231 (54.6%) |
| Median Home Value | $1,952,555 |
| Average Home Value | $1,692,685 |
Housing Distribution
Address Breakdown
Residential
1,893
Single Family
1,893
Multi-Family
0
Businesses
261
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Listed by: Nicole Tunick - Real Estate Sales Person • Douglas Elliman Real Estate
Mls Name: Out East
Mls ID: #385124