62 Canoe Place Road #513/5Hampton 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
Investment property for sale in Hampton Bays at 62 Canoe Place Road #513/5, Hampton Bays, NY, 11946 uses $203,980 cash to close to unlock $712/yr annual cash flow and $59/mo monthly cash flow. Total monthly income runs $4,200/mo, and a $3,035/mo payment keeps the spread at $59/mo. Purchase price stands at $620,000, and rental yield measures 8.13% with $4,200/mo rent. Return on cash invested shows 20.41% in year one, and 5% annual appreciation builds toward $171,295 over five years. Five-year ROI reaches 106.15% and total cumulative return in cash records $216,531. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,200/mo property income covering a $3,035/mo payment rather than investor’s personal income.
Condo
Built in 1991
0.36 Acres 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: Kimberly Padilla Maravilla • Oversouth LLC
Mls Name: OneKey MLS
Mls ID: #940005