3160 Camden Lane, Merrick, NY, 11566 | 4.99% Rental Yield

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3160 Camden Lane, Merrick, NY, 11566 | 4.99% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Merrick at 3160 Camden Lane, Merrick, NY, 11566 offers a 4.99% rental yield on a $1,125,000 purchase with $4,680/mo rent. 05% in year one. Equity gained on principal adds $7,259/yr while 5% annual appreciation supports $310,817 over five years. Portfolio math shows five-year ROI at 55.87% and total cumulative return in cash at $203,636. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,680/mo property income against a $5,506/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1966

7,500 sqft lot

$N/A/sqft

No HOA

More details about the property

Beautifully maintained and set on a professionally landscaped lot in Merrick, this Chalet Splanch offers a unique blend of space and style. The grand tiled foyer leads to a sun-filled formal living room with vaulted ceilings, a large eat-in kitchen that opens to the cozy den, which features a wood-burning fireplace and pre-finished wood floors, and a formal dining room for special occasions. The private primary suite features two skylights, a walk-in closet, and a full ensuite bath. Three additional bedrooms and a full hall bath provide comfort for family or guests. Original hardwood floors lie beneath the carpeted second floor. The fully renovated basement includes a new G.E. washer and dryer, new boiler, new hot water heater, and a dedicated new oil tank. Central air throughout the house. Outdoors, enjoy a private backyard oasis with an in-ground chlorine pool (6 ft. deep / 3.5 ft. shallow) surrounded by custom brick pavers, new ample irrigation system for in-ground sprinklers, and lush landscaping. The homes exterior features siding and brickwork, a circular driveway, and a two-car garage. Some photos are virtually staged.

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