51 Milton AveSag 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 51 Milton Ave, Sag Harbor, NY, 11963 generates $12,821/mo in rent and, after a $8,688/mo payment, leaves $968/mo in cash flow. Total monthly income is $12,821/mo, and annual cash flow is $11,611/yr on $575,100 invested. Return on cash invested sits at 22.39% in year one, and rental yield is 8.67% on a $1,775,000 entry. Equity gained on principal adds $11,454/yr, while 5% annual appreciation builds toward $490,400 over five years. Five-year ROI reaches 116.7% and total cumulative return in cash sums $671,122. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $12,821/mo property income rather than buyer’s personal income.
Single Family
Built in 1972
0.48 Acres 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: Douglas Brown - Real Estate Sales Person • Douglas Elliman Real Estate
Mls Name: Out East
Mls ID: #383501