Real Estate Investing in Cold Spring Harbor, New York (11724)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 11724 (Cold Spring Harbor, NY)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
Structural challenges here. The numbers may look cheap but operational risk is high. Only for experienced, hands-on investors.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
- High price-to-rent: Price-to-rent ratio 52.3 — hard to cash-flow at these prices.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Cold Spring Harbor, NY (11724)?
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Market Analysis: 11724 Cold Spring Harbor
The 11724 ZIP covers a section of Cold Spring Harbor that demands careful diligence. Prices near $1.8M look accessible, but the work to make a deal cash flow is real.
Rent of $2,853/mo on a $1.8M basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 11724 sits below the stated 0.0% once reality is priced in.
Stepping back, 11724 offers a low basis, the region around Cold Spring Harbor has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
The 11724 ZIP's population of 2,956 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that registers the need for careful underwriting.
Strategically, 11724 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Cold Spring Harbor:
Property Strategy for 11724
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 4BR | $1,719,300 | $4,340 | 1.8% | +9.5% | $429,825 |
| 5BR | $2,547,238 | — | — | +10.0% | $509,448 |
Market Trends
Home Value History (with trend line)
📊 How Does 11724 Compare?
| Metric | 11724 | Cold Spring Harbor | New York |
|---|---|---|---|
| Home Value | $1,790,690 | $1,790,690 | $505,608 |
| 5-Year CAGR | 3.9% | 3.9% | 6.6% |
| Avg Rent | $2,853 | $2,853 | - |
| Cap Rate | 1.2% | 1.2% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 11724 (Cold Spring Harbor, NY). Anonymous, moderated, never written by AI.
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Property managers serving Suffolk County
Manage rentals here? List your business →CXA Management provides property management services. summary from their website
Eminent Properties Ltd is a property management company. summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $1,790,690 |
| Monthly Rent | $2,853 |
| Price-to-Rent | 52.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 1.9% |
| Cap Rate | 1.2% |
| 5-Year IRR | 5.1% |
📈 Home Appreciation
| 1-Year | +3.7% ▲ |
| 3-Year CAGR | +3.0% ▲ |
| 5-Year CAGR | +3.9% ▲ |
| 10-Year CAGR | +2.8% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (1.2%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 11724
Population: 2,956
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 11724
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
J TAYLOR FINLEY MIDDLE SCHOOL
JAMES H BOYD ELEMENTARY SCHOOL
OAKWOOD PRIMARY CENTER
WOODHULL INTERMEDIATE SCHOOL
FLOWER HILL SCHOOL
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Investor Insight: With 2,106 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Should investors consider Cold Spring Harbor, NY?
With a 2.0/5 investability score, Cold Spring Harbor, NY ranks as a solid market for rental property investors. Median prices of $1.8M and rents of $2,853/mo drive the underlying numbers.
Should investors worry about vacancy in Cold Spring Harbor, NY?
Vacancy in Cold Spring Harbor, NY is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $2,853/mo.
Are rents high in Cold Spring Harbor, NY?
Rents in Cold Spring Harbor, NY run near $2,853/mo. Compared with median home prices of $1.8M that produces solid gross yields for typical rentals.
How viable is house hacking in Cold Spring Harbor, NY?
The house hack math a tougher in Cold Spring Harbor, NY. Owner-occupant buyers benefit from the $2,853/mo rents and $1.8M home values.
Is NY a landlord-friendly state?
The landlord environment in Cold Spring Harbor, NY is tenant-protective. Statewide rules shape most day-to-day operations for rental owners.
You know 11724 now. You don’t know where it ranks.
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How 11724 ranks in New York-Newark-Jersey City, NY-NJ-PA
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