43 Ridge DrSag HarborNY11963
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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 Sag Harbor at 43 Ridge Dr, Sag Harbor, NY, 11963 generates $4,984/mo in rent, after a $6,608/mo payment. Total monthly income is $4,984/mo. Return on cash invested sits at 9.31% in year one, and rental yield is 4.43% on a $1,350,000 entry. Equity gained on principal adds $8,711/yr, while 5% annual appreciation builds toward $372,980 over five years. Five-year ROI reaches 46.56% and total cumulative return in cash sums $203,657. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,984/mo property income rather than buyer’s personal income.
Single Family
Built in 1954
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11963, Sag Harbor, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,962 (100%) |
| Owner Occupied HU | 2,952 (49.5%) |
| Renter Occupied HU | 684 (11.5%) |
| Vacant Housing Units | 2,326 (39.0%) |
| Median Home Value | $1,132,682 |
| Average Home Value | $1,315,119 |
Housing Distribution
Address Breakdown
Residential
4,566
Single Family
4,492
Multi-Family
74
Businesses
459
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Listed by: Robert Evjen - Associate Real Estate Broker • Douglas Elliman Real Estate
Mls Name: Out East
Mls ID: #387718