42 Locust AveSouthamptonNY11968
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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 Southampton at 42 Locust Ave, Southampton, NY, 11968 earns $366/mo cash flow from $7,010/mo rent with a $4,870/mo payment. Total monthly income totals $7,010/mo, and annual cash flow totals $4,387/yr on $327,355 capital. ROI tracks 21.4% on current figures, and rental yield reads 8.45% at a $995,000 purchase. Equity gained on principal adds $6,421/yr, and 5% annual appreciation supports $274,900 over five years. Five-year ROI reaches 111.45% and total cumulative return in cash sums $364,830. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $7,010/mo property income instead of your personal income.
Single Family
Built in 1988
0.27 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
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Listed by: Erica Smitheman - Real Estate Sales Person • Douglas Elliman Real Estate
Mls Name: Out East
Mls ID: #391587