37 Summit BlvdWesthamptonNY11977
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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 Westhampton at 37 Summit Blvd, Westhampton, NY, 11977 offers $6,055/mo rent that, after a $5,134/mo payment. Total monthly income is $6,055/mo. Return on cash invested measures 17.02% in year one, and rental yield stands at 6.93% at a $1,049,000 entry. Equity gained on principal adds $6,769/yr while 5% annual appreciation compounds into $289,819 by year five. Five-year ROI records 87.89% and total cumulative return in cash reaches $298,732. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $6,055/mo property income versus a $5,134/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1991
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11977, Westhampton, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,739 (100%) |
| Owner Occupied HU | 894 (51.4%) |
| Renter Occupied HU | 230 (13.2%) |
| Vacant Housing Units | 615 (35.4%) |
| Median Home Value | $972,669 |
| Average Home Value | $1,125,601 |
Housing Distribution
Address Breakdown
Residential
1,403
Single Family
1,161
Multi-Family
242
Businesses
63
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Listed by: Richard Connelly - Real Estate Sales Person • Douglas Elliman Real Estate
Mls Name: Out East
Mls ID: #380643