42 Tanners Neck Ln · Westhampton, NY 11977

$1,950,000

5 bd · 2.0 ba · 3,587 sqft · SingleFamily public records · 11 Days on market

Built 1992 0.85 ac lot Est $2443k · 20% under

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Why this score? — see what drove the A grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +29.9/30.0
• ARV discount +15.0/15.0
• DSCR +10.0/10.0
• Appreciation +9.4/10.0
• 1% rule +7.4/10.0
• Schools +6.6/10.0
• Livability +3.0/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks

Exceptional Westhampton Retreat with Timeless Elegance Discover a rare opportunity to own a stunning five-bedroom, five-bathroom estate in the heart of Westhampton. This expansive residence blends refined craftsmanship with serene outdoor living, offering the perfect escape for those seeking space, sophistication, and tranquility. Step inside to soaring ceilings and imported marble floors that set the tone for grandeur. The great room is a true showpiece, anchored by a custom fireplace crafted in Russia and illuminated by exquisite Knoll chandeliers that add a touch of European charm. Each of the five full bathrooms is thoughtfully designed for comfort and style, complementing the spacious

Key facts

• Koi pond
• Custom fireplace
• Generous deck

Tags

• OUTDOOR LIVING
• CUSTOM FIREPLACE
• HEATED INGROUND SALTWATER POOL
• KOI POND
• GENEROUS DECK
• ELEGANT PATIO

What this means for you Summary

Snapshot

• This is a 5-bed/2.0-bath single-family listed at $1.95M.

Deal economics

• At list price, monthly cash flow is $7k ($87k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($24k rent vs $1.95M).

Location & tenants

• Location reads 60/100 on livability (#969 in NY) — a middle-class / working-renter tenant base. Strengths: crime A+, employment A+; Watch: housing C-, amenities F, commute F.
• Westhampton Beach Union Free School District (suburban): math 72% / reading 75% proficiency, ranked #81 of 590 in NY (top 14%) — strong family-tenant draw, lease renewals of 3-5y typical.
• Zoned schools: Westhampton Beach Elementary School (math 67% / reading 67%, grade B+, #525 of 2,108 statewide, top 27%, 356 students, 43% FRL); Westhampton Middle School (math 61% / reading 63%, grade B+, #136 of 729 statewide, top 20%, 434 students, 26% FRL); Westhampton Beach Senior High School (math 90% / reading 96%, grade A+, #147 of 1,100 statewide, top 14%, 964 students, 24% FRL).
• Market conditions: 63 active listings in the ZIP; 12 comparable units currently listed for rent nearby; rentals at typical pace (median 22d on market — plan ~3-4 weeks tenant-placement turnaround); high-income renter base; 1,366 units permitted in Suffolk County in 2024 (216 in 5+ unit buildings).
• At $24,101/mo this rent would consume 191% of the median local household income ($151k/yr) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• In year one you build about $186k of equity ($13k loan paydown + $172k appreciation (8.8% local appreciation)).
• Suffolk County population projected to shrink 5% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• At projected returns (8.8% appreciation + 3.0% rent growth), your $546k cash investment doubles in ~2 years — after that, you're playing with house money.
• By year 2, paydown + projected appreciation supports a ~$297k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• Only 11 days on market — expect competitive offers; lowballing is unlikely to land.
• Current owner paid $212k; list at $1.95M implies a 820% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 80% chance of damaging wind over 30y — expect insurance premiums to compound above CPI over the hold.

Recommended offer $1,950,000

Questions for the listing agent

1. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
2. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
3. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
4. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
5. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 1.24% ✓
• Cap rate: 10.74%
• Cash-on-cash: 15.88%
• DSCR: 1.71
• GRM: 6.7

CMA / ARV

• ARV (on-the-fly): $2,442,747
• Comps found: 7

Show comp detail 7 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
69 Shore Rd	0.67mi	5/3.5	3,400 (-5%)	3mo	$6,200,000	$1,824	52
31 Windwood Ct	0.70mi	4/3.0 (-1)	3,430 (-4%)	0mo	$1,950,000	$569	51
11A Brushy Neck Ln	0.70mi	5/5.0	3,643 (+2%)	15mo	$3,101,000	$851	41
38 Brushy Neck Ln	0.70mi	4/4.0 (-1)	3,394 (-5%)	7mo	$2,300,000	$678	40
11 Brushy Neck Ln	0.63mi	4/4.5 (-1)	3,614 (+1%)	24mo	$1,700,000	$470	34
13A Summit Blvd	0.62mi	5/5.5	3,934 (+10%)	12mo	$3,169,600	$806	31
7 Apaucuck Point Ln	0.48mi	5/4.5	4,000 (+12%)	22mo	$2,725,000	$681	29

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

8.82% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 33.9%
• Equity multiple: 3.50×
• Total profit: $1,366,919
• Equity at exit: $1,592,324

10-year hold

• IRR: 29.7%
• Equity multiple: 7.65×
• Total profit: $3,632,589
• Equity at exit: $3,272,774

Cash invested: $546,000 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 15 Strongly Tenant-Friendly
• State New York: 15 Strongly Tenant-Friendly · D+10
• County: — inherits STATE
• City: — inherits STATE

NYC rent stabilization (~1M units); 2019 HSTPA strengthened tenant rights; courts deeply backlogged.

Methodology + full state rankings →

ZIP-level market 11977

• Home prices YoY: 2.3%
• Active inventory: 63
• Price-to-rent: 6.7×

Monthly cashflow live

• Estimated rent: $24,101 medium
• Mortgage (P&I): −$10,226
• Tax from tax record: −$778 /mo · $9,331/yr
• Insurance: −$812
• HOA: −$0
• Vacancy / Maint / Mgmt: −$5,061
• Net cashflow: $7,224

Break-even live

Break-even rent $14,957

Max offer price $1,950,000

Occupancy floor 65%

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $487,500
• Closing costs: $58,500
• Reserves months: —
• Total cash needed: —

Rent comps 12 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
6 Bay Meadow Ln Westhampton, NY	6.0	5.0	3500	$40,000	$11.43	44d	1	0.32mi
8 Sweetgrass Rd Westhampton, NY	5.0	4.5	4050	$13,000	$3.21	1d	1	0.39mi
7 Sea Breeze Ave Westhampton, NY	5.0	3.5	2723	$28,000	$10.28	11d	1	0.46mi
9 Plume Grass Way Westhampton, NY	4.0	5.5	4405	$40,000	$9.08	44d	1	0.60mi
134A Montauk Hwy Westhampton, NY	4.0	3.5	2478	$15,000	$6.05	1d	1	0.70mi
3 Pine Grove Ct Westhampton, NY	4.0	3.5	3500	$35,000	$10.00	22d	1	0.79mi
24 N Quarter Rd Westhampton, NY	6.0	3.0	3035	$45,000	$14.83	22d	1	0.84mi
250 Oneck Ln Westhampton Beach, NY	5.0	2.5	3113	$20,000	$6.42	19d	1	1.08mi
22 Meadow Ln Westhampton Beach, NY	4.0	4.0	2500	$70,000	$28.00	24d	1	1.18mi
69 Oneck Rd Westhampton Beach, NY	4.0	3.5	2922	$10,000	$3.42	8d	1	1.24mi
38 Liberty St Westhampton Beach, NY	4.0	2.5	2565	$35,000	$13.65	44d	1	1.44mi
37 School St Westhampton Beach, NY	4.0	4.0	3204	$50,000	$15.61	22d	1	1.45mi

Listing history 4 events

1. 2026-01-27
   status Pending
2. 2025-11-18
   listed $1,950,000 Active
3. 1987-07-08
   soldstatus $212,000
4. 1985-10-24
   soldstatus $165,000

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast NY · Partial reset (capped growth)

• Current annual tax: $9,331 · $778/mo
• Projected year-2 tax: $21,143 · $1,762/mo
• Expected delta: +$11,812/yr (+$984/mo · 126.6%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 4/10 Moderate 7 d/yr ≥90°F today · 19 d/yr by 30 yrs out
• 💨 Wind 8/10 Severe 80% chance of damaging wind over 30 yrs
• 🫁 Air quality 4/10 Moderate 4 unhealthy d/yr today · 5 by 30 yrs out

Taxation est. · year 1

• Rental income: $289,212
• − Mortgage interest: −$109,230
• − Property taxes: −$9,331
• − Insurance: −$9,750
• − Repairs & maintenance: −$23,137
• − Management: −$23,137
• − Depreciation: −$56,727
• Taxable income: $57,899
• Est. tax owed @ 24.0%: −$13,896
• After-tax cash flow: $72,788/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Westhampton Beach Union Free School District
• NCES district ID: 3631020
• Math proficiency: 72% ▼ -5.00%
• Reading proficiency: 75% ▲ 3.00%
• Median HH income: $88,137
• Composite: 65.91/100
• National rank: #444
• State rank: #81 of 590 in NY

Livability — Westhampton

• Score: 60/100
• State rank: #969
• US rank: #18972

Category grades

Amenities F Commute F Cost of living F Crime A+ Employment A+ Housing C- Health & safety F User ratings A

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Westhampton, NY
• County: Suffolk County · 679,920 people
• City population: 2,843
• Metro: New York-Newark-Jersey City, NY-NJ-PA
• Population (ZIP): 2,843
• Household income: $151,375
• Rent vs Own: 6.0% rent · 94.0% own
• Severe rent burden: 14.0

Population outlook (Suffolk County) Hauer SSP2

• Today (2025): 1,505,262 people
• By 2030: 1,498,318 · -0.5%
• By 2040: 1,471,101 · -2.3%
• By 2050: 1,424,848 · -5.3%
• By 2075: 1,337,157 · -11.2%
• By 2100: 1,217,720 · -19.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (89%)
• Race & ethnicity: White 89% Hispanic / Latino 5% Asian 3% Two or more races 2%
• Common ancestry: Scotch-Irish 3% Romanian 3% Subsaharan African 1%
• Foreign-born: 11% · Canada, South Korea
• Languages at home: 89% English-only · Spanish 5% Other Indo-European 4% Korean 2%

Political lean MEDSL · Suffolk

• 2024 margin: Lean R (+10.0) · D 45.0% · R 55.0%
• 2008→2024 swing: -16.0pp toward R · 2008: 6.0pp · 2024: -10.0pp
• All cycles: 2024: R+10.0 2020: R+0.0 2016: R+8.2 2012: D+2.9 2008: D+6.0

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 8.82%
• Current HPI: 391.8868
• Rent YoY: —
• Metro: New York-Newark-Jersey City, NY-NJ-PA
• State GDP YoY: ▲ 2.60%
• F500 in state: 92

Industry mix (Fortune 500 HQ in NY)

Industry	F500 HQs	Revenue
▸Financial Services	10	$950B
▸Consumer Goods	9	$162B
▸Insurance	4	$225B
▸Telecommunications	2	$144B
▸Pharmaceuticals	2	$112B
▸Media / Entertainment	2	$69B

Price history

+1081.8% since first listed

4 events — show timeline

• 2026-01-27 Pending — OneKey® MLS as Distributed by MLS Grid
• 2025-11-18 Listed $1,950,000 OneKey® MLS as Distributed by MLS Grid
• 1987-07-08 Sold (Public Records) $212,000 Public Records
• 1985-10-24 Sold (Public Records) $165,000 Public Records

Property tax history

+2.5%/yr

Latest (2024): $9,331 · +0.0% YoY. Source: county tax records.