12 Westmoreland RdMerrickNY11566
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Merrick at 12 Westmoreland Rd, Merrick, NY, 11566 priced at $679,400 pairs $5,501/mo rent with $964/mo cash flow after a $3,325/mo payment. Total monthly income equals $5,501/mo, and annual cash flow comes to $11,573/yr on $223,523 invested. Return on cash invested is 25.24% in year one, and rental yield stands at 9.72% on a $679,400 basis. Equity gained on principal adds $4,384/yr, and 5% annual appreciation accumulates to $187,706 by year five. Five-year ROI measures 132.04% and total cumulative return in cash reaches $295,144. For financing, Ziffy Mortgage’s DSCR program evaluates $5,501/mo property income against a $3,325/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1949
3,920 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11566, Merrick, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,079 (100%) |
| Owner Occupied HU | 10,969 (90.8%) |
| Renter Occupied HU | 737 ( 6.1%) |
| Vacant Housing Units | 373 ( 3.1%) |
| Median Home Value | $721,006 |
| Average Home Value | $786,772 |
Housing Distribution
Address Breakdown
Residential
11,756
Single Family
11,711
Multi-Family
45
Businesses
825
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
