240 Three Mile Harbor Hc RdEast 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 240 Three Mile Harbor Hc Rd, East Hampton, NY, 11937 earns from $6,161/mo rent with a $9,777/mo payment. Total monthly income totals $6,161/mo. ROI tracks 7.06% on current figures, and rental yield reads 3.7% at a $1,997,500 purchase. Equity gained on principal adds $12,890/yr, and 5% annual appreciation supports $551,872 over five years. Five-year ROI reaches 34.5% and total cumulative return in cash sums $223,262. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $6,161/mo property income instead of your personal income.
Single Family
Built in 1770
2.30 Acres 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: Karen Benvenuto - Associate Real Estate Broker • Compass
Mls Name: Out East
Mls ID: #391163