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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% |
Investment property for sale in Merrick at 3306 Seawane Drive, Merrick, NY, 11566 at $990,000 posts ROI 12.94% with from $4,680/mo rent. Total monthly income equals $4,680/mo. Return on cash invested measures 12.94% and rental yield reads 5.67% at the current $990,000. Equity gained on principal adds $6,388/yr, and 5% annual appreciation supports $273,519 by year five. Five-year ROI prints 66.11% and total cumulative return in cash totals $215,312. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $4,680/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1968
N/A lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 11566, Merrick, NY area.
| 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 |
Residential
11,756
Single Family
11,711
Multi-Family
45
Businesses
825
Date | Event | Price |
|---|---|---|
| 2025-02-26 | Listed for sale | $990,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-02-27 | N/A | N/A | $716 | -2.59% |
| 2022-02-27 | N/A | N/A | $735 | N/A |
| 2021-02-27 | $18824.50 | 11.69% | N/A | N/A |
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Listed by: Rhonda Levine • Signature Premier Properties
Mls Name: OneKey MLS
Mls Provider:
Mls ID: #828407
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 2025 OneKey MLS. All rights reserved.
