15 Terrace LnHampton BaysNY11946
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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 Hampton Bays at 15 Terrace Ln, Hampton Bays, NY, 11946 generates $7,984/mo in rent and, after a $4,405/mo payment, leaves $1,974/mo in cash flow. Total monthly income is $7,984/mo, and annual cash flow is $23,688/yr on $296,100 invested. Return on cash invested sits at 28.06% in year one, and rental yield is 10.65% on a $900,000 entry. Equity gained on principal adds $5,808/yr, while 5% annual appreciation builds toward $248,653 over five years. Five-year ROI reaches 147.16% and total cumulative return in cash sums $435,732. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $7,984/mo property income rather than buyer’s personal income.
Single Family
Built in 1991
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11946, Hampton Bays, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,147 (100%) |
| Owner Occupied HU | 4,184 (51.4%) |
| Renter Occupied HU | 1,652 (20.3%) |
| Vacant Housing Units | 2,311 (28.4%) |
| Median Home Value | $767,089 |
| Average Home Value | $877,041 |
Housing Distribution
Address Breakdown
Residential
7,191
Single Family
7,187
Multi-Family
4
Businesses
604
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Listed by: John Brady - Real Estate Sales Person • Saunders & Associates
Mls Name: Out East
Mls ID: #381025