70 Scrimshaw LnAmagansettNY11930
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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 Amagansett at 70 Scrimshaw Ln, Amagansett, NY, 11930 priced at $1,995,000 converts $7,886/mo rent into after a $9,765/mo obligation. Total monthly income equals $7,886/mo. Return on cash invested prints 10.28% in year one, and rental yield reads 4.74% against a $1,995,000 entry. Equity gained on principal adds $12,873/yr, while 5% annual appreciation compiles into $551,182 by year five. Five-year ROI reaches 51.75% and total cumulative return in cash sums $334,485. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $7,886/mo property income covering a $9,765/mo payment, not borrower’s personal income.
Single Family
Built in 1986
1.09 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11930, Amagansett, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,106 (100%) |
| Owner Occupied HU | 701 (33.3%) |
| Renter Occupied HU | 166 ( 7.9%) |
| Vacant Housing Units | 1,239 (58.8%) |
| Median Home Value | $1,777,174 |
| Average Home Value | $1,660,842 |
Housing Distribution
Address Breakdown
Residential
50
Single Family
50
Multi-Family
0
Businesses
267
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Listed by: Dana Trotter - Real Estate Broker • The Agency
Mls Name: Out East
Mls ID: #387518