380 Hickory RoadSoutholdNY11971
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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 Southold at 380 Hickory Road, Southold, NY, 11971 priced at $1,069,000 converts $32,000/mo rent into $24,862/mo cash flow after a $5,232/mo obligation. Total monthly income equals $32,000/mo, and annual cash flow totals $298,339/yr on $346,356 invested. Return on cash invested prints 106.51% in year one, and rental yield reads 35.92% against a $1,069,000 entry. Equity gained on principal adds $6,898/yr, while 5% annual appreciation compiles into $295,345 by year five. Five-year ROI reaches 567.78% and total cumulative return in cash sums $1,966,531. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $32,000/mo property income covering a $5,232/mo payment, not borrower’s personal income.
Single Family
Built in 2016
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11971, Southold, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,335 (100%) |
| Owner Occupied HU | 2,232 (51.5%) |
| Renter Occupied HU | 421 ( 9.7%) |
| Vacant Housing Units | 1,682 (38.8%) |
| Median Home Value | $805,816 |
| Average Home Value | $905,335 |
Housing Distribution
Address Breakdown
Residential
3,098
Single Family
3,056
Multi-Family
42
Businesses
361
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