236 Edgemere Street #423MontaukNY11954
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 236 Edgemere Street #423, Montauk, NY, 11954 offers a 8.61% rental yield on a $399,000 purchase with $2,863/mo rent. Total monthly income registers $2,863/mo, and a $1,953/mo payment leaves $198/mo available for distribution. Annual cash flow reaches $2,381/yr on $132,269 to close, and return on cash invested stands at 21.71% in year one. Equity gained on principal adds $2,575/yr while 5% annual appreciation supports $110,236 over five years. Portfolio math shows five-year ROI at 113.14% and total cumulative return in cash at $149,654. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,863/mo property income against a $1,953/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1928
8.86 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices