246 Hampton StSag HarborNY11963
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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 Sag Harbor at 246 Hampton St, Sag Harbor, NY, 11963 priced at $1,585,000 converts $5,191/mo rent into after a $7,758/mo obligation. Total monthly income equals $5,191/mo. Return on cash invested prints 7.77% in year one, and rental yield reads 3.93% against a $1,585,000 entry. Equity gained on principal adds $10,228/yr, while 5% annual appreciation compiles into $437,906 by year five. Five-year ROI reaches 38.29% and total cumulative return in cash sums $196,630. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $5,191/mo property income covering a $7,758/mo payment, not borrower’s personal income.
Single Family
Built in 1991
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11963, Sag Harbor, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,962 (100%) |
| Owner Occupied HU | 2,952 (49.5%) |
| Renter Occupied HU | 684 (11.5%) |
| Vacant Housing Units | 2,326 (39.0%) |
| Median Home Value | $1,132,682 |
| Average Home Value | $1,315,119 |
Housing Distribution
Address Breakdown
Residential
4,566
Single Family
4,492
Multi-Family
74
Businesses
459
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Listed by: Vincent Horcasitas - Associate Real Estate Broker • Saunders & Associates
Mls Name: Out East
Mls ID: #374476