18 Helene 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
Rental property for sale in Merrick at 18 Helene Ave, Merrick, NY, 11566 offers $5,416/mo rent that, after a $6,950/mo payment. Total monthly income is $5,416/mo. Return on cash invested measures 9.76% in year one, and rental yield stands at 4.58% at a $1,420,000 entry. Equity gained on principal adds $9,163/yr while 5% annual appreciation compounds into $392,320 by year five. Five-year ROI records 49% and total cumulative return in cash reaches $225,431. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $5,416/mo property income versus a $6,950/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2017
6,969 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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