15 Tern DrMontaukNY11954
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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 Montauk at 15 Tern Dr, Montauk, NY, 11954 priced at $1,675,000 pairs $9,538/mo rent with after a $8,198/mo payment. Total monthly income equals $9,538/mo. Return on cash invested is 16.73% in year one, and rental yield stands at 6.83% on a $1,675,000 basis. Equity gained on principal adds $10,809/yr, and 5% annual appreciation accumulates to $462,772 by year five. Five-year ROI measures 86.34% and total cumulative return in cash reaches $468,546. For financing, Ziffy Mortgage’s DSCR program evaluates $9,538/mo property income against a $8,198/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1975
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11954, Montauk, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,614 (100%) |
| Owner Occupied HU | 1,428 (30.9%) |
| Renter Occupied HU | 429 ( 9.3%) |
| Vacant Housing Units | 2,757 (59.8%) |
| Median Home Value | $1,185,323 |
| Average Home Value | $1,305,851 |
Housing Distribution
Address Breakdown
Residential
2,732
Single Family
2,729
Multi-Family
3
Businesses
405
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