514 Montauk HwyEast HamptonNY11937
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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
Total monthly income runs $3,797/mo, and a $5,506/mo payment. Purchase price stands at $1,125,000, and rental yield measures 4.05% with $3,797/mo rent. Return on cash invested shows 8.14% in year one, and 5% annual appreciation builds toward $310,817 over five years. Five-year ROI reaches 40.28% and total cumulative return in cash records $146,816. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,797/mo property income covering a $5,506/mo payment rather than investor’s personal income.
Condo
Built in 1972
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11937, East Hampton, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,213 (100%) |
| Owner Occupied HU | 6,209 (47.0%) |
| Renter Occupied HU | 1,540 (11.7%) |
| Vacant Housing Units | 5,464 (41.4%) |
| Median Home Value | $1,090,360 |
| Average Home Value | $1,265,490 |
Housing Distribution
Address Breakdown
Residential
10,889
Single Family
10,683
Multi-Family
206
Businesses
856
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Listed by: Julie Gauger - Real Estate Sales Person • Douglas Elliman Real Estate
Mls Name: Out East
Mls ID: #390682