1533 Richard AveMerrickNY11566
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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 1533 Richard Ave, Merrick, NY, 11566 with 5% annual appreciation on a $505,000 basis while $4,954/mo rent supports operations. Total monthly income totals $4,954/mo and a $2,472/mo payment preserves $1,581/mo for cash returns. Annual cash flow comes to $18,977/yr on $166,145 deployed, and return on cash invested reaches 31.48% in year one. Equity gained on principal adds $3,259/yr, and five-year appreciation sums $139,522 alongside rental yield of 11.77%. Five-year ROI measures 165.53% and total cumulative return in cash totals $275,022.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $4,954/mo property income versus a $2,472/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1972
9,848 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
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