24 Central AveEast HamptonNY11937
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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
Investment property for sale in East Hampton at 24 Central Ave, East Hampton, NY, 11937 uses $515,160 cash to close to unlock $906/yr annual cash flow and $76/mo monthly cash flow. Total monthly income runs $10,693/mo, and a $7,782/mo payment keeps the spread at $76/mo. Purchase price stands at $1,590,000, and rental yield measures 8.07% with $10,693/mo rent. Return on cash invested shows 20.55% in year one, and 5% annual appreciation builds toward $439,288 over five years. Five-year ROI reaches 106.81% and total cumulative return in cash records $550,268. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $10,693/mo property income covering a $7,782/mo payment rather than investor’s personal income.
Single Family
Built in 2014
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11937, East Hampton, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,213 (100%) |
| Owner Occupied HU | 6,209 (47.0%) |
| Renter Occupied HU | 1,540 (11.7%) |
| Vacant Housing Units | 5,464 (41.4%) |
| Median Home Value | $1,090,360 |
| Average Home Value | $1,265,490 |
Housing Distribution
Address Breakdown
Residential
10,889
Single Family
10,683
Multi-Family
206
Businesses
856
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Listed by: Kerrie Burke - Real Estate Sales Person • Compass
Mls Name: Out East
Mls ID: #381461