58 Library Avenue #2Westhampton BeachNY11978
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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 Westhampton Beach at 58 Library Avenue #2, Westhampton Beach, NY, 11978 listed at $489,000 pairs $4,448/mo rent with a $2,393/mo payment to leave $1,183/mo cash flow. Total monthly income runs $4,448/mo, and annual cash flow reaches $14,195/yr on $162,104 cash to close. Return on cash invested measures 28.67% in year one, and rental yield registers 10.92% at a $489,000 basis. Equity gained on principal adds $3,155/yr, and annual property appreciation at 5% supports $135,102 by year five. Five-year ROI tracks 150.44% and total cumulative return in cash totals $243,862. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,448/mo property income relative to a $2,393/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1976
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11978, Westhampton Beach, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,050 (100%) |
| Owner Occupied HU | 1,182 (29.2%) |
| Renter Occupied HU | 388 ( 9.6%) |
| Vacant Housing Units | 2,480 (61.2%) |
| Median Home Value | $945,122 |
| Average Home Value | $1,164,884 |
Housing Distribution
Address Breakdown
Residential
2,471
Single Family
2,461
Multi-Family
10
Businesses
521
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Listed by: Kristen Smyth • Corcoran
Mls Name: OneKey MLS
Mls Provider:
Mls ID: #L3580709
Disclaimer: Based on information submitted to the MLS GRID as of 2025-10-27 23:43:23 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#778)