71 Old Canoe Place RdSouthamptonNY11968
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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 Southampton at 71 Old Canoe Place Rd, Southampton, NY, 11968 offers $14,212/mo rent that, after a $9,765/mo payment, leaves $889/mo cash flow. Total monthly income is $14,212/mo, and annual cash flow is $10,671/yr on $646,380 cash. Return on cash invested measures 22.02% in year one, and rental yield stands at 8.55% at a $1,995,000 entry. Equity gained on principal adds $12,873/yr while 5% annual appreciation compounds into $551,182 by year five. Five-year ROI records 114.73% and total cumulative return in cash reaches $741,561. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $14,212/mo property income versus a $9,765/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2010
1.60 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11968, Southampton, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,356 (100%) |
| Owner Occupied HU | 4,450 (43.0%) |
| Renter Occupied HU | 1,385 (13.4%) |
| Vacant Housing Units | 4,521 (43.7%) |
| Median Home Value | $1,242,895 |
| Average Home Value | $1,373,377 |
Housing Distribution
Address Breakdown
Residential
8,146
Single Family
8,089
Multi-Family
57
Businesses
887
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Listed by: Nancy Pearson - Real Estate Sales Person • Sotheby's International Realty
Mls Name: Out East
Mls ID: #378801