394 Mill RdWesthamptonNY11977
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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 394 Mill Rd, Westhampton, NY, 11977 priced at $1,999,000 pairs $5,495/mo rent with after a $9,784/mo payment. Total monthly income equals $5,495/mo. Return on cash invested is 5.82% in year one, and rental yield stands at 3.3% on a $1,999,000 basis. Equity gained on principal adds $12,899/yr, and 5% annual appreciation accumulates to $552,287 by year five. Five-year ROI measures 27.84% and total cumulative return in cash reaches $180,317. For financing, Ziffy Mortgage’s DSCR program evaluates $5,495/mo property income against a $9,784/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2002
1.19 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: Lauren A. Battista - Real Estate Sales Person • Brown Harris Stevens
Mls Name: Out East
Mls ID: #381867