2 Saint Andrews CirSouthamptonNY11968
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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 Southampton at 2 Saint Andrews Cir, Southampton, NY, 11968 priced at $1,295,000 converts $4,500/mo rent into after a $6,338/mo obligation. Total monthly income equals $4,500/mo. Return on cash invested prints 8.51% in year one, and rental yield reads 4.17% against a $1,295,000 entry. Equity gained on principal adds $8,356/yr, while 5% annual appreciation compiles into $357,785 by year five. Five-year ROI reaches 42.27% and total cumulative return in cash sums $177,342. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,500/mo property income covering a $6,338/mo payment, not borrower’s personal income.
Condo
Built in 1988
74 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11968, Southampton, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,356 (100%) |
| Owner Occupied HU | 4,450 (43.0%) |
| Renter Occupied HU | 1,385 (13.4%) |
| Vacant Housing Units | 4,521 (43.7%) |
| Median Home Value | $1,242,895 |
| Average Home Value | $1,373,377 |
Housing Distribution
Address Breakdown
Residential
8,146
Single Family
8,089
Multi-Family
57
Businesses
887
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Listed by: Meegan Darby - Associate Real Estate Broker • Corcoran Group
Mls Name: Out East
Mls ID: #389892