58 Ocean AveHampton BaysNY11946
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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 Hampton Bays at 58 Ocean Ave, Hampton Bays, NY, 11946 priced at $949,000 pairs $6,390/mo rent with $53/mo cash flow after a $4,645/mo payment. Total monthly income equals $6,390/mo, and annual cash flow comes to $631/yr on $312,221 invested. Return on cash invested is 20.26% in year one, and rental yield stands at 8.08% on a $949,000 basis. Equity gained on principal adds $6,124/yr, and 5% annual appreciation accumulates to $262,191 by year five. Five-year ROI measures 105.35% and total cumulative return in cash reaches $328,932. For financing, Ziffy Mortgage’s DSCR program evaluates $6,390/mo property income against a $4,645/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1997
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11946, Hampton Bays, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,147 (100%) |
| Owner Occupied HU | 4,184 (51.4%) |
| Renter Occupied HU | 1,652 (20.3%) |
| Vacant Housing Units | 2,311 (28.4%) |
| Median Home Value | $767,089 |
| Average Home Value | $877,041 |
Housing Distribution
Address Breakdown
Residential
7,191
Single Family
7,187
Multi-Family
4
Businesses
604
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Listed by: Aimee Fitzpatrick Martin - Real Estate Sales Person • Saunders & Associates
Mls Name: Out East
Mls ID: #391330