140 Park AvenueMerrickNY11575
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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 140 Park Avenue, Merrick, NY, 11575 with 5% annual appreciation on a $828,888 basis while $4,200/mo rent supports operations. 18% in year one. Equity gained on principal adds $5,349/yr, and five-year appreciation sums $229,006 alongside rental yield of 6.08%. Five-year ROI measures 72.76% and total cumulative return in cash totals $198,413. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $4,200/mo property income versus a $4,057/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1924
7,025 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11575, Roosevelt, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,503 (100%) |
| Owner Occupied HU | 3,088 (68.6%) |
| Renter Occupied HU | 1,209 (26.8%) |
| Vacant Housing Units | 206 ( 4.6%) |
| Median Home Value | $540,165 |
| Average Home Value | $617,447 |
Housing Distribution
Address Breakdown
Residential
3,891
Single Family
3,832
Multi-Family
59
Businesses
255
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