53 Crassen Boulevard #31AmagansettNY11930
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Amagansett at 53 Crassen Boulevard #31, Amagansett, NY, 11930 priced at $799,000 converts $4,401/mo rent into after a $3,911/mo obligation. Total monthly income equals $4,401/mo. Return on cash invested prints 15.79% in year one, and rental yield reads 6.61% against a $799,000 entry. Equity gained on principal adds $5,156/yr, while 5% annual appreciation compiles into $220,749 by year five. Five-year ROI reaches 81.39% and total cumulative return in cash sums $213,942. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,401/mo property income covering a $3,911/mo payment, not borrower’s personal income.
Condo
Built in 2016
3.35 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11930, Amagansett, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,106 (100%) |
| Owner Occupied HU | 701 (33.3%) |
| Renter Occupied HU | 166 ( 7.9%) |
| Vacant Housing Units | 1,239 (58.8%) |
| Median Home Value | $1,777,174 |
| Average Home Value | $1,660,842 |
Housing Distribution
Address Breakdown
Residential
50
Single Family
50
Multi-Family
0
Businesses
267
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Susan L. Ceslow • Douglas Elliman Real Estate
Mls Name: OneKey MLS
Mls ID: #L3581866