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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Oceanside at 301 Merrifield Avenue, Oceanside, NY, 11572 offers $4,574/mo rent that, after a $2,927/mo payment, leaves $581/mo cash flow. Total monthly income is $4,574/mo, and annual cash flow is $6,967/yr on $196,742 cash. Return on cash invested measures 23.6% in year one, and rental yield stands at 9.18% at a $598,000 entry. Equity gained on principal adds $3,859/yr while 5% annual appreciation compounds into $165,216 by year five. Five-year ROI records 123.26% and total cumulative return in cash reaches $242,504. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,574/mo property income versus a $2,927/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1947
4,500 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 11572, Oceanside, NY area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,315 (100%) |
| Owner Occupied HU | 9,480 (83.8%) |
| Renter Occupied HU | 1,490 (13.2%) |
| Vacant Housing Units | 345 ( 3.0%) |
| Median Home Value | $677,989 |
| Average Home Value | $745,440 |
Residential
10,606
Single Family
9,858
Multi-Family
748
Businesses
920
Date | Event | Price |
|---|---|---|
| 2024-09-17 | Price change | $598,000 |
| 2024-05-16 | Price change | $630,000 |
| 2024-04-11 | Listed for sale | $700,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-15 | N/A | N/A | $412 | -4.19% |
| 2022-10-15 | N/A | N/A | $430 | N/A |
| 2021-10-15 | $4640.20 | -58.28% | N/A | N/A |
What's Special
None
Listed by: Carmen B Lopez • SkyLimit Realty Group
Mls Name: OneKey MLS
Mls Provider:
Mls ID: #3579377
Disclaimer: The data relating to real estate for sale or lease on this web site comes in part from OneKey MLS. Real estate listings held by brokerage firms other than Zillow, Inc are marked with the OneKey MLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2024 OneKey MLS. All rights reserved.
