662 & 672 Noyac PathWater 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
Investment property for sale in Water Mill at 662 & 672 Noyac Path, Water Mill, NY, 11976 projects strong ROI of 2.27%. Rental yield 2.15%. With 5% annual appreciation, the property builds $4,558,646 in value over five years. Equity growth combined delivers a projected five-year ROI of 8.82%, translating into $471,664 in total cumulative return on $5,346,000 invested capital. You can finance this property with Ziffy Mortgage’s DSCR loan, which leverages the property’s income for qualification rather than your personal income.
Single Family
Built in 2007
5 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: Beate Moore - Associate Real Estate Broker • Sotheby's International Realty
Mls Name: Out East
Mls ID: #389830