40 Scrimshaw DrSouthamptonNY11968
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
Investment Highlights
Rental property for sale in Southampton at 40 Scrimshaw Dr, Southampton, NY, 11968 offers $6,548/mo rent that, after a $9,177/mo payment. Total monthly income is $6,548/mo. Return on cash invested measures 8.57% in year one, and rental yield stands at 4.19% at a $1,875,000 entry. Equity gained on principal adds $12,099/yr while 5% annual appreciation compounds into $518,028 by year five. Five-year ROI records 42.61% and total cumulative return in cash reaches $258,830. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $6,548/mo property income versus a $9,177/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1979
0.78 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11968, Southampton, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,356 (100%) |
| Owner Occupied HU | 4,450 (43.0%) |
| Renter Occupied HU | 1,385 (13.4%) |
| Vacant Housing Units | 4,521 (43.7%) |
| Median Home Value | $1,242,895 |
| Average Home Value | $1,373,377 |
Housing Distribution
Address Breakdown
Residential
8,146
Single Family
8,089
Multi-Family
57
Businesses
887
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Michelle Berman - Associate Real Estate Broker • Saunders & Associates
Mls Name: Out East
Mls ID: #388339