2004 Montauk Hwy UNIT 2022AmagansettNY11930
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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
Total monthly income runs $6,613/mo, and a $3,793/mo payment. Purchase price stands at $775,000, and rental yield measures 10.24% with $6,613/mo rent. Return on cash invested shows 17.57% in year one, and 5% annual appreciation builds toward $214,118 over five years. Five-year ROI reaches 94.26% and total cumulative return in cash records $240,343. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $6,613/mo property income covering a $3,793/mo payment rather than investor’s personal income.
Condo
Built in 1983
N/A lot
$N/A/sqft
$1,967 monthly 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: Carolyn Lederer - Real Estate Sales Person • Douglas Elliman Real Estate
Mls Name: Out East
Mls ID: #383794