16 Navy Rd UNIT 106MontaukNY11954
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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
Investment property for sale in Montauk at 16 Navy Rd UNIT 106, Montauk, NY, 11954 listed at $599,000 pairs $3,659/mo rent with a $2,932/mo payment. Total monthly income runs $3,659/mo. Return on cash invested measures 13.38% in year one, and rental yield registers 7.33% at a $599,000 basis. Equity gained on principal adds $3,865/yr, and annual property appreciation at 5% supports $165,493 by year five. Five-year ROI tracks 70.11% and total cumulative return in cash totals $138,166. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,659/mo property income relative to a $2,932/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1975
4.50 Acres lot
$N/A/sqft
$756 monthly 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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