48 Ocean AveHampton BaysNY11946
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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 Hampton Bays at 48 Ocean Ave, Hampton Bays, NY, 11946 offers a 12.55% rental yield on a $999,000 purchase with $10,447/mo rent. Total monthly income registers $10,447/mo, and a $4,890/mo payment leaves $3,775/mo available for distribution. Annual cash flow reaches $45,305/yr on $328,671 to close, and return on cash invested stands at 33.84% in year one. Equity gained on principal adds $6,446/yr while 5% annual appreciation supports $276,005 over five years. Portfolio math shows five-year ROI at 178.19% and total cumulative return in cash at $585,650. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $10,447/mo property income against a $4,890/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2003
0.41 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11946, Hampton Bays, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,147 (100%) |
| Owner Occupied HU | 4,184 (51.4%) |
| Renter Occupied HU | 1,652 (20.3%) |
| Vacant Housing Units | 2,311 (28.4%) |
| Median Home Value | $767,089 |
| Average Home Value | $877,041 |
Housing Distribution
Address Breakdown
Residential
7,191
Single Family
7,187
Multi-Family
4
Businesses
604
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Listed by: Kimberly Monsour - Real Estate Sales Person • Douglas Elliman Real Estate
Mls Name: Out East
Mls ID: #383316