720 Mechanic StSoutholdNY11971
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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 Southold at 720 Mechanic St, Southold, NY, 11971 uses $312,550 cash to close to unlock $9,598/yr annual cash flow and $800/mo monthly cash flow. Total monthly income runs $7,144/mo, and a $4,650/mo payment keeps the spread at $800/mo. Purchase price stands at $950,000, and rental yield measures 9.02% with $7,144/mo rent. Return on cash invested shows 23.13% in year one, and 5% annual appreciation builds toward $262,467 over five years. Five-year ROI reaches 120.73% and total cumulative return in cash records $377,342. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $7,144/mo property income covering a $4,650/mo payment rather than investor’s personal income.
Single Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11971, Southold, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,335 (100%) |
| Owner Occupied HU | 2,232 (51.5%) |
| Renter Occupied HU | 421 ( 9.7%) |
| Vacant Housing Units | 1,682 (38.8%) |
| Median Home Value | $805,816 |
| Average Home Value | $905,335 |
Housing Distribution
Address Breakdown
Residential
3,098
Single Family
3,056
Multi-Family
42
Businesses
361
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