373 Upper 7 Ponds RdWater MillNY11976
INVESTMENT ANALYSIS
Investment Verdict
Appreciation Play373 Upper 7 Ponds Rd, Water Mill, NY, 11976 in Water Mill is priced for appreciation, not yield. Rental yield 4.35%. At $1,323,300 with a 4.35% gross yield, the monthly income is modest, but 5% annual price growth is projected to add $365,603 in value over five years, making equity the primary return driver. Ziffy Mortgage's DSCR mortgage (0.81) can still finance this property for non-U.S. residents; a 30–35% down payment typically produces the cleanest underwriting for appreciation-focused assets. Total projected cumulative return: $244,625.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 4.4% | 6.2% |
| Monthly Cash Flow | $(4,040) | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $4,796 |
| Total Monthly Debt Service | $8,310 |
| DSCR Ratio | 0.58x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1991
0.38 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11976, Water Mill, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,256 (100%) |
| Owner Occupied HU | 892 (39.5%) |
| Renter Occupied HU | 133 ( 5.9%) |
| Vacant Housing Units | 1,231 (54.6%) |
| Median Home Value | $1,952,555 |
| Average Home Value | $1,692,685 |
Housing Distribution
Address Breakdown
Residential
1,893
Single Family
1,893
Multi-Family
0
Businesses
261
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1991
0.38 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11976, Water Mill, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,256 (100%) |
| Owner Occupied HU | 892 (39.5%) |
| Renter Occupied HU | 133 ( 5.9%) |
| Vacant Housing Units | 1,231 (54.6%) |
| Median Home Value | $1,952,555 |
| Average Home Value | $1,692,685 |
Housing Distribution
Address Breakdown
Residential
1,893
Single Family
1,893
Multi-Family
0
Businesses
261
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: Out East
Mls ID: #389868