1001 West Loop Dr #1001 · Westhampton Beach, NY 11978

$1,140,000

2 bd · 2.5 ba · 2,050 sqft · Condo · 512 Days on market

Built 2025 Excellent condition $556/sqft · 19% below area Est $1.399M · 19% under $875/mo HOA · 6% of rent

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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 +27.3/30.0
• ARV discount +15.0/15.0
• Appreciation +10.0/10.0
• DSCR +9.5/10.0
• 1% rule +8.4/10.0
• Schools +7.4/10.0
• Condition / age +5.0/5.0
• Livability +3.2/5.0
• Rent growth +2.5/5.0

Listing remarks MLS

Welcome to The Townes at Ketchaponack Condominium in Westhampton Beach, a thoughtfully designed townhome/condominium community offering luxury and convenience and the best the East End of Long Island has to offer. Enjoy Westhampton Beach, with its newly renovated Main Street Business District boasting an array of restaurants both upscale and casual, shops, theaters, nearby golf courses, fishing, tennis clubs and the best oceanfront beaches including the Village's own private Rogers Beach. The community features thirty-seven spacious townhomes with full basement, attached garage, screened porch, a clubhouse, complete with fitness facility, outdoor swimming pool and pickleball courts - option for elevator installation available as upgrade in all units. Several sites to choose from - don't wait!

Key facts

• Clubhouse
• Attached garage
• Private rogers beach

Tags

• NEWLY RENOVATED MAIN STREET
• PRIVATE ROGERS BEACH
• FULL BASEMENT
• ATTACHED GARAGE
• SCREENED PORCH
• CLUBHOUSE

What this means for you Summary

Snapshot

• This is a 2-bed/2.5-bath condo listed at $1.14M. Condition is rated excellent.

Deal economics

• At list price, monthly cash flow is $3k ($40k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($15k rent vs $1.14M).
• Recommended offer: $1.00M (12.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 64/100 on livability (#740 in NY) — a middle-class / working-renter tenant base. Strengths: crime A+, employment A+; Watch: amenities F, commute F, cost of living 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: 160 active listings in the ZIP; 17 comparable units currently listed for rent nearby; rentals lingering (median 160d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 82% of comp listings sitting > 30 days — soft ceiling on asking rent; high-income renter base; 1,366 units permitted in Suffolk County in 2024 (216 in 5+ unit buildings).
• At $15,252/mo this rent would consume 146% of the median local household income ($125k/yr) (locally 19% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• In year one you build about $122k of equity ($8k loan paydown + $114k appreciation (10.0% 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 (10.0% appreciation + 3.0% rent growth), your $319k cash investment doubles in ~2 years — after that, you're playing with house money.
• By year 2, paydown + projected appreciation supports a ~$196k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 512 days — a 12% lower offer ($1.00M) is reasonable based on typical stale-listing flexibility.

Recommended offer $1,003,200 (12.0% below list)

Questions for the listing agent

1. It's been on market 512 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
3. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. Schools are A-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
7. 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.
8. 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.
9. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.34% ✓
• Cap rate: 9.76%
• Cash-on-cash: 12.39%
• DSCR: 1.55
• GRM: 6.2

CMA / ARV

• ARV (median comp): $1,399,000
• List price: $1,140,000
• Delta: -18.51%
• Verdict: UNDERPRICED
• Comps: 9 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
100 Rogers - Tbb Ave #1402	1.37mi	2/2.5	2,050 (0%)	2mo	$1,040,000	$507	63
100 Rogers Ave #503	1.37mi	2/2.5	2,050 (0%)	2mo	$1,140,000	$556	63
3004 Mitchell Rd	0.21mi	2/3.0	1,728 (-16%)	3mo	$1,420,000	$822	60
386 Mill Rd	0.91mi	3/2.5 (+1)	2,060 (+0%)	3mo	$1,100,000	$534	57
100 Rogers Ave #601	1.37mi	2/2.5	2,283 (+11%)	1mo	$1,240,000	$543	45
100 Rogers Ave #801	1.37mi	2/2.5	2,280 (+11%)	3mo	$1,140,000	$500	44
100 Rogers - Tbb Ave #402	1.37mi	2/2.5	2,280 (+11%)	3mo	$1,090,000	$478	44
100 Rogers Ave #1002	1.37mi	2/2.5	2,283 (+11%)	3mo	$1,240,000	$543	44
100 Rogers - Tbb Ave #1301	1.37mi	2/2.5	2,283 (+11%)	5mo	$1,090,000	$477	42
121 Aspatuck Rd	0.66mi	3/2.0 (+1)	1,817 (-11%)	2mo	$1,525,000	$839	41
100 Rogers - Tbb Ave #1102	1.37mi	2/2.5	2,283 (+11%)	6mo	$1,090,000	$477	41
4 Meadow Ln	0.72mi	3/3.0 (+1)	2,402 (+17%)	3mo	$2,500,000	$1,041	32

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

Projected returns pro-forma

10.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 33.4%
• Equity multiple: 3.61×
• Total profit: $831,563
• Equity at exit: $1,027,002

10-year hold

• IRR: 28.8%
• Equity multiple: 8.16×
• Total profit: $2,285,262
• Equity at exit: $2,214,769

Cash invested: $319,200 (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 11978

• Home prices YoY: 2.9%
• Active inventory: 160
• Price-to-rent: 6.2×

Monthly cashflow live

• Estimated rent: $15,252 medium
• Mortgage (P&I): −$5,978
• Tax est. 1.5%: −$1,425 /mo · $17,100/yr
• Insurance: −$475
• HOA: −$875
• Vacancy / Maint / Mgmt: −$3,203
• Net cashflow: $3,296

Break-even live

Break-even rent $11,080

Max offer price $1,140,000

Occupancy floor 73%

Sensitivity live

Price	-10% $4,084	-5% $3,690	+0% $3,296	+5% $2,902	+10% $2,508
Rent	-10% $2,091	-5% $2,693	+0% $3,296	+5% $3,898	+10% $4,501
Rate	-1.0pp $3,870	-0.5pp $3,586	base $3,296	+0.5pp $3,001	+1.0pp $2,700

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: $285,000
• Closing costs: $34,200
• Club membership (one-time): —
• Reserves months: —
• Total cash needed: —

Rent comps 17 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
188 Main St Westhampton Beach, NY	2.0	2.5	1400	$5,000	$3.57	163d	1	0.13mi
23 Library Ave #3 Westhampton Beach, NY	2.0	2.5	1421	$8,000	$5.63	47d	1	0.16mi
3013 Mitchell Rd Westhampton Beach, NY	2.0	3.5	1500	$20,000	$13.33	165d	1	0.21mi
3047 Mitchell Rd Westhampton Beach, NY	2.0	2.5	1500	$65,000	$43.33	165d	1	0.25mi
3039 Mitchell Rd Westhampton Beach, NY	2.0	2.5	1728	$25,000	$14.47	10d	1	0.25mi
3041 Mitchell Rd Westhampton Beach, NY	2.0	3.0	1550	$15,000	$9.68	184d	1	0.26mi
42 Oak St Westhampton Beach, NY	3.0	2.0	1400	$30,000	$21.43	92d	1	0.52mi
31 Liberty St Westhampton Beach, NY	3.0	1.5	2000	$40,000	$20.00	184d	1	0.58mi
35 Maple St Westhampton Beach, NY	3.0	2.5	1696	$28,000	$16.51	184d	1	0.61mi
15 Pin Oak Ln Westhampton Beach, NY	3.0	3.0	2900	$30,000	$10.34	1d	1	0.64mi
15 Pin Oak Ln Westhampton Beach, NY	3.0	3.0	2900	$30,000	$10.34	184d	1	0.64mi
35 Sheppard St Westhampton Beach, NY	3.0	4.0	2556	$6,000	$2.35	0d	1	0.68mi
19 Bishop Ave Westhampton, NY	3.0	2.0	1514	$15,000	$9.91	159d	1	1.16mi
43 Bridle Path Westhampton Beach, NY	3.0	3.0	2800	$24,500	$8.75	135d	1	1.27mi
69 Rogers Ave Westhampton Beach, NY	3.0	1.0	1400	$12,000	$8.57	130d	1	1.29mi
298 Dune Rd Westhampton Beach, NY	3.0	2.0	1800	$30,000	$16.67	95d	1	1.30mi
34 Montauk Hwy #12 Westhampton, NY	2.0	3.0	1773	$18,000	$10.15	165d	1	1.33mi

HOA detail $875/mo · $10,500/yr condo

• Likely covers: pool
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 50 events

1. 2026-11-08
   days on market $1,140,000 Active 512 DOM
2. 2026-11-07
   days on market $1,140,000 Active 511 DOM
3. 2026-11-06
   days on market $1,140,000 Active 510 DOM
4. 2026-11-05
   days on market $1,140,000 Active 509 DOM
5. 2026-11-04
   days on market $1,140,000 Active 508 DOM
6. 2026-11-02
   days on market $1,140,000 Active 506 DOM
7. 2026-11-01
   days on market $1,140,000 Active 505 DOM
8. 2026-10-31
   days on market $1,140,000 Active 504 DOM
9. 2026-10-30
   days on market $1,140,000 Active 503 DOM
10. 2026-10-29
    days on market $1,140,000 Active 502 DOM
11. 2026-10-28
    days on market $1,140,000 Active 501 DOM
12. 2026-10-27
    days on market $1,140,000 Active 500 DOM
13. 2026-10-26
    days on market $1,140,000 Active 499 DOM
14. 2026-10-26
    days on market $1,140,000 Active 498 DOM
15. 2026-10-24
    days on market $1,140,000 Active 497 DOM
16. 2026-10-23
    days on market $1,140,000 Active 496 DOM
17. 2026-10-22
    days on market $1,140,000 Active 495 DOM
18. 2026-10-21
    days on market $1,140,000 Active 494 DOM
19. 2026-10-20
    days on market $1,140,000 Active 493 DOM
20. 2026-10-19
    days on market $1,140,000 Active 492 DOM
21. 2026-10-18
    days on market $1,140,000 Active 491 DOM
22. 2026-10-17
    days on market $1,140,000 Active 490 DOM
23. 2026-10-16
    days on market $1,140,000 Active 489 DOM
24. 2026-10-15
    days on market $1,140,000 Active 488 DOM
25. 2026-10-14
    days on market $1,140,000 Active 487 DOM
26. 2026-10-13
    days on market $1,140,000 Active 486 DOM
27. 2026-10-12
    days on market $1,140,000 Active 485 DOM
28. 2026-10-11
    days on market $1,140,000 Active 484 DOM
29. 2026-10-10
    days on market $1,140,000 Active 483 DOM
30. 2026-10-09
    days on market $1,140,000 Active 482 DOM
31. 2026-10-08
    days on market $1,140,000 Active 481 DOM
32. 2026-10-07
    days on market $1,140,000 Active 480 DOM
33. 2026-10-06
    days on market $1,140,000 Active 479 DOM
34. 2026-10-05
    days on market $1,140,000 Active 478 DOM
35. 2026-10-04
    days on market $1,140,000 Active 477 DOM
36. 2026-10-04
    days on market $1,140,000 Active 476 DOM
37. 2026-10-02
    days on market $1,140,000 Active 475 DOM
38. 2026-10-01
    days on market $1,140,000 Active 474 DOM
39. 2026-09-30
    days on market $1,140,000 Active 473 DOM
40. 2026-09-29
    days on market $1,140,000 Active 472 DOM
41. 2026-09-28
    days on market $1,140,000 Active 471 DOM
42. 2026-09-27
    days on market $1,140,000 Active 470 DOM
43. 2026-09-26
    days on market $1,140,000 Active 469 DOM
44. 2026-09-25
    days on market $1,140,000 Active 468 DOM
45. 2026-09-24
    days on market $1,140,000 Active 467 DOM
46. 2026-09-23
    days on market $1,140,000 Active 466 DOM
47. 2026-09-22
    days on market $1,140,000 Active 465 DOM
48. 2026-09-21
    days on market $1,140,000 Active 464 DOM
49. 2026-09-20
    days on market $1,140,000 Active 463 DOM
50. 2026-09-19
    days on market $1,140,000 Active 462 DOM

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

Taxation est. · year 1

• Rental income: $183,026
• − Mortgage interest: −$63,858
• − Property taxes: −$17,100
• − Insurance: −$5,700
• − Repairs & maintenance: −$14,642
• − Management: −$14,642
• − HOA: −$10,500
• − Depreciation: −$33,164
• Taxable income: $23,421
• Est. tax owed @ 24.0%: −$5,621
• After-tax cash flow: $33,930/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.

Condition & rehab AI · 12 photos

Excellent 100/100 None rehab

This modern, move-in-ready condo in The Townes at Ketchaponack Condominium offers excellent condition and is ready for immediate occupancy. With its well-maintained exterior, spacious interiors, and modern amenities, it is an ideal investment property.

Value-add opportunities

• Both Landscaping improvements — Enhances curb appeal and adds value to the property. ↑
• Both Painting exterior — Fresh paint can make a significant difference in curb appeal and value. ↑
• Both Landscaping around pool area — Improves the overall aesthetic and adds value to the property. ↑

B Composite school gradezoned avg 74/100

Zoned Schools

Elementary Westhampton Beach Elementary School B+ NY #525/2,108 Nat'l #4,366/41,679 Middle Westhampton Middle School B+ NY #136/729 Nat'l #1,545/14,009 High Westhampton Beach Senior High School A+ NY #147/1,100 Nat'l #235/17,239

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

C Composite livability gradescore 64/100

Livability — Westhampton Beach

• Score: 64/100
• State rank: #740
• US rank: #14093

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 Beach, NY
• County: Suffolk County · 1,505,262 people
• City population: 4,705
• Metro: New York-Newark-Jersey City, NY-NJ-PA
• Population (ZIP): 4,705
• Household income: $125,179
• Rent vs Own: 11.8% rent · 88.2% own
• Severe rent burden: 19% of renters

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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%

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Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (72%)
• Race & ethnicity: White 72% Two or more races 14% Hispanic / Latino 11% Black 6% Asian 2%
• Hispanic origin (detail): Puerto Rican 1%
• Languages at home: 84% English-only · Spanish 10% Other Indo-European 2% Russian/Polish/Slavic 1%

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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: ▲ 13.02%
• Current HPI: 460.3964
• Rent YoY: —
• Metro: New York-Newark-Jersey City, NY-NJ-PA
• State GDP YoY: ▲ 2.60%
• F500 in state: 92

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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

1 event — show timeline

• 2025-06-09 Listed $1,140,000 OneKey® MLS as Distributed by MLS Grid