1844 Old Mill RoadMerrickNY11566
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderCapital preservation and steady income define 1844 Old Mill Road, Merrick, NY, 11566 in Merrick. Rental yield 7.27%. The 1.35 coverage passes Ziffy Mortgage's DSCR threshold for non-U.S. residents. Five-year appreciation of $213,566 and $7,119/yr in principal reduction project total return of $263,745.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 7.3% | 6.2% |
| Monthly Cash Flow | $(482) | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $4,680 |
| Total Monthly Debt Service | $4,854 |
| DSCR Ratio | 0.96x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1948
5,000 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1948
5,000 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices