1815 Echo PlaceMerrickNY11566
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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 1815 Echo Place, Merrick, NY, 11566 earns $292/mo cash flow from $6,302/mo rent with a $4,405/mo payment. Total monthly income totals $6,302/mo, and annual cash flow totals $3,504/yr on $296,100 capital. ROI tracks 21.24% on current figures, and rental yield reads 8.4% at a $900,000 purchase. Equity gained on principal adds $5,808/yr, and 5% annual appreciation supports $248,653 over five years. Five-year ROI reaches 110.61% and total cumulative return in cash sums $327,504. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $6,302/mo property income instead of your personal income.
Single Family
Built in 1962
6,600 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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Nearby investment properties with comparable prices
Listed by: Matthew Hart • World Prop Intl Sea to Sky
Mls Name: OneKey MLS
Mls Provider:
Mls ID: #886419
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