2004 Montauk Highway #2011AmagansettNY11930
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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 Amagansett at 2004 Montauk Highway #2011, Amagansett, NY, 11930 generates $3,194/mo in rent, after a $2,638/mo payment. Total monthly income is $3,194/mo. Return on cash invested sits at 17.32% in year one, and rental yield is 7.11% on a $539,000 entry. Equity gained on principal adds $3,478/yr, while 5% annual appreciation builds toward $148,916 over five years. Five-year ROI reaches 89.55% and total cumulative return in cash sums $158,808. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,194/mo property income rather than buyer’s personal income.
Condo
Built in 1983
8.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11930, Amagansett, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,106 (100%) |
| Owner Occupied HU | 701 (33.3%) |
| Renter Occupied HU | 166 ( 7.9%) |
| Vacant Housing Units | 1,239 (58.8%) |
| Median Home Value | $1,777,174 |
| Average Home Value | $1,660,842 |
Housing Distribution
Address Breakdown
Residential
50
Single Family
50
Multi-Family
0
Businesses
267
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Listed by: John A. Depasquale • Evolution Realty of L I
Mls Name: OneKey MLS
Mls ID: #918865