2883 Harbor RoadMerrickNY11566
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
Investment property for sale in Merrick at 2883 Harbor Road, Merrick, NY, 11566 at $1,299,000 posts ROI 13.43% with from $6,241/mo rent. Total monthly income equals $6,241/mo. Return on cash invested measures 13.43% and rental yield reads 5.77% at the current $1,299,000. Equity gained on principal adds $8,382/yr, and 5% annual appreciation supports $358,890 by year five. Five-year ROI prints 68.67% and total cumulative return in cash totals $289,009. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $6,241/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1957
7,000 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
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Nearby investment properties with comparable prices
Listed by: Cindy DiBiasi • Douglas Elliman Real Estate
Mls Name: OneKey MLS
Mls Provider:
Mls ID: #3577690
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