3045 Mitchell RdWesthampton BeachNY11978
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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 Westhampton Beach at 3045 Mitchell Rd, Westhampton Beach, NY, 11978 with 5% annual appreciation on a $1,225,000 basis while $6,362/mo rent supports operations. Equity gained on principal adds $7,905/yr, and five-year appreciation sums $338,445 alongside rental yield of 6.23%. Five-year ROI measures 62.03% and total cumulative return in cash totals $246,204. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $6,362/mo property income versus a $5,996/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Townhouse
Built in 1991
N/A lot
$N/A/sqft
$950 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11978, Westhampton Beach, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,050 (100%) |
| Owner Occupied HU | 1,182 (29.2%) |
| Renter Occupied HU | 388 ( 9.6%) |
| Vacant Housing Units | 2,480 (61.2%) |
| Median Home Value | $945,122 |
| Average Home Value | $1,164,884 |
Housing Distribution
Address Breakdown
Residential
2,471
Single Family
2,461
Multi-Family
10
Businesses
521
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Listed by: Bridget Terry - Real Estate Sales Person • Compass
Mls Name: Out East
Mls ID: #383319