250 W Merrick Road #2RFreeportNY11520
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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 Freeport at 250 W Merrick Road #2R, Freeport, NY, 11520 earns $89/mo cash flow from $2,265/mo rent with a $1,595/mo payment. Total monthly income totals $2,265/mo, and annual cash flow totals $1,066/yr on $108,032 capital. ROI tracks 20.9% on current figures, and rental yield reads 8.34% at a $325,888 purchase. Equity gained on principal adds $2,103/yr, and 5% annual appreciation supports $90,037 over five years. Five-year ROI reaches 108.76% and total cumulative return in cash sums $117,496. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,265/mo property income instead of your personal income.
Condo
Built in 1960
1.70 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11520, Freeport, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,329 (100%) |
| Owner Occupied HU | 9,150 (63.9%) |
| Renter Occupied HU | 4,539 (31.7%) |
| Vacant Housing Units | 640 ( 4.5%) |
| Median Home Value | $545,325 |
| Average Home Value | $576,137 |
Housing Distribution
Address Breakdown
Residential
13,424
Single Family
10,224
Multi-Family
3,200
Businesses
1,347
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