379 Bluff Rd UNIT 115AmagansettNY11930
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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 Amagansett at 379 Bluff Rd UNIT 115, Amagansett, NY, 11930 listed at $599,000 pairs $4,006/mo rent with a $2,932/mo payment to leave $6/mo cash flow. Total monthly income runs $4,006/mo, and annual cash flow reaches $69/yr on $197,071 cash to close. Return on cash invested measures 20.1% in year one, and rental yield registers 8.03% at a $599,000 basis. Equity gained on principal adds $3,865/yr, and annual property appreciation at 5% supports $165,493 by year five. Five-year ROI tracks 104.45% and total cumulative return in cash totals $205,846. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,006/mo property income relative to a $2,932/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1955
4 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11930, Amagansett, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,106 (100%) |
| Owner Occupied HU | 701 (33.3%) |
| Renter Occupied HU | 166 ( 7.9%) |
| Vacant Housing Units | 1,239 (58.8%) |
| Median Home Value | $1,777,174 |
| Average Home Value | $1,660,842 |
Housing Distribution
Address Breakdown
Residential
50
Single Family
50
Multi-Family
0
Businesses
267
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Nearby investment properties with comparable prices
Listed by: Angela Boyer-Stump - Real Estate Sales Person • Sotheby's International Realty
Mls Name: Out East
Mls ID: #389741