163 Wynsum AvenueMerrickNY11566
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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
Rental property for sale in Merrick at 163 Wynsum Avenue, Merrick, NY, 11566 priced at $685,333 converts $5,821/mo rent into $1,245/mo cash flow after a $3,354/mo obligation. Total monthly income equals $5,821/mo, and annual cash flow totals $14,938/yr on $225,475 invested. Return on cash invested prints 26.69% in year one, and rental yield reads 10.19% against a $685,333 entry. Equity gained on principal adds $4,422/yr, while 5% annual appreciation compiles into $189,345 by year five. Five-year ROI reaches 139.79% and total cumulative return in cash sums $315,199. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $5,821/mo property income covering a $3,354/mo payment, not borrower’s personal income.
Single Family
Built in 1927
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
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