23 Fort Pond Rd UNIT 91MontaukNY11954
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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 Montauk at 23 Fort Pond Rd UNIT 91, Montauk, NY, 11954 generates $3,883/mo in rent, after a $4,454/mo payment. Total monthly income is $3,883/mo. Return on cash invested sits at 11.27% in year one, and rental yield is 5.12% on a $910,000 entry. Equity gained on principal adds $5,872/yr, while 5% annual appreciation builds toward $251,416 over five years. Five-year ROI reaches 57.12% and total cumulative return in cash sums $171,019. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,883/mo property income rather than buyer’s personal income.
Condo
Built in 1987
30 Acres lot
$N/A/sqft
No 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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