585 Dune Rd #L5WesthamptonNY11977
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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 at 585 Dune Rd #L5, Westhampton, NY, 11977 offers a 8.63% rental yield on a $339,000 purchase with $2,438/mo rent. Total monthly income registers $2,438/mo, and a $1,659/mo payment leaves $174/mo available for distribution. Annual cash flow reaches $2,093/yr on $112,379 to close, and return on cash invested stands at 21.77% in year one. Equity gained on principal adds $2,188/yr while 5% annual appreciation supports $93,659 over five years. Portfolio math shows five-year ROI at 113.49% and total cumulative return in cash at $127,540. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,438/mo property income against a $1,659/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1948
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11977, Westhampton, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,739 (100%) |
| Owner Occupied HU | 894 (51.4%) |
| Renter Occupied HU | 230 (13.2%) |
| Vacant Housing Units | 615 (35.4%) |
| Median Home Value | $972,669 |
| Average Home Value | $1,125,601 |
Housing Distribution
Address Breakdown
Residential
1,403
Single Family
1,161
Multi-Family
242
Businesses
63
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Listed by: Thomas Stoebe - Real Estate Broker • Stoebe & Co.
Mls Name: Out East
Mls ID: #389922