54 Hayground RdWater MillNY11976
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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 Water Mill at 54 Hayground Rd, Water Mill, NY, 11976 offers $3,137/mo rent that, after a $6,559/mo payment. Total monthly income is $3,137/mo. Return on cash invested measures 4.31% in year one, and rental yield stands at 2.81% at a $1,340,000 entry. Equity gained on principal adds $8,647/yr while 5% annual appreciation compounds into $370,217 by year five. Five-year ROI records 19.74% and total cumulative return in cash reaches $85,690. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,137/mo property income versus a $6,559/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1961
1.72 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11976, Water Mill, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,256 (100%) |
| Owner Occupied HU | 892 (39.5%) |
| Renter Occupied HU | 133 ( 5.9%) |
| Vacant Housing Units | 1,231 (54.6%) |
| Median Home Value | $1,952,555 |
| Average Home Value | $1,692,685 |
Housing Distribution
Address Breakdown
Residential
1,893
Single Family
1,893
Multi-Family
0
Businesses
261
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Listed by: Robert Heely - Real Estate Sales Person • ARC Real Estate Advisors LLC
Mls Name: Out East
Mls ID: #381632