120 Shoreham WayMerrickNY11566
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
Investment property for sale in Merrick at 120 Shoreham Way, Merrick, NY, 11566 uses $230,297 cash to close to unlock $51,548/yr annual cash flow and $4,296/mo monthly cash flow. Total monthly income runs $8,970/mo, and a $3,426/mo payment keeps the spread at $4,296/mo. Purchase price stands at $699,990, and rental yield measures 15.38% with $8,970/mo rent. Return on cash invested shows 42.44% in year one, and 5% annual appreciation builds toward $193,394 over five years. Five-year ROI reaches 224.29% and total cumulative return in cash records $516,541. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $8,970/mo property income covering a $3,426/mo payment rather than investor’s personal income.
Single Family
Built in 1950
6,000 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
Listed by: Gale L Montello • Realty Connect USA LLC
Mls Name: OneKey MLS
Mls Provider:
Mls ID: #3568301
Disclaimer: The data relating to real estate for sale or lease on this web site comes in part from OneKey MLS. Real estate listings held by brokerage firms other than Zillow, Inc are marked with the OneKey MLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2024 OneKey MLS. All rights reserved.