696 Montauk HwyWater 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 696 Montauk Hwy, Water Mill, NY, 11976 at $1,350,000 posts ROI 10.06% with from $5,256/mo rent. Total monthly income equals $5,256/mo. Return on cash invested measures 10.06% and rental yield reads 4.67% at the current $1,350,000. Equity gained on principal adds $8,711/yr, and 5% annual appreciation supports $372,980 by year five. Five-year ROI prints 50.56% and total cumulative return in cash totals $221,153. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $5,256/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1910
5,662 sqft 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: Lynda Packard - Real Estate Sales Person • Douglas Elliman Real Estate
Mls Name: Out East
Mls ID: #289133