2163 Decker AvenueMerrickNY11566
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
Investment Highlights
Rental property for sale in Merrick at 2163 Decker Avenue, Merrick, NY, 11566 priced at $672,990 converts $4,825/mo rent into $331/mo cash flow after a $3,294/mo obligation. Total monthly income equals $4,825/mo, and annual cash flow totals $3,970/yr on $221,414 invested. Return on cash invested prints 21.85% in year one, and rental yield reads 8.6% against a $672,990 entry. Equity gained on principal adds $4,343/yr, while 5% annual appreciation compiles into $185,935 by year five. Five-year ROI reaches 113.88% and total cumulative return in cash sums $252,152. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,825/mo property income covering a $3,294/mo payment, not borrower’s personal income.
Single Family
Built in 1965
6,099 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: Irene Siconolfi • Douglas Elliman Real Estate
Mls Name: OneKey MLS
Mls Provider:
Mls ID: #3581071
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