400 Merrick Road #5ARockville CentreNY11570
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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 Rockville Centre at 400 Merrick Road #5A, Rockville Centre, NY, 11570 offers a 8.56% rental yield on a $359,500 purchase with $2,564/mo rent. Total monthly income registers $2,564/mo, and a $1,760/mo payment leaves $163/mo available for distribution. Annual cash flow reaches $1,955/yr on $119,174 to close, and return on cash invested stands at 21.55% in year one. Equity gained on principal adds $2,320/yr while 5% annual appreciation supports $99,323 over five years. Portfolio math shows five-year ROI at 112.28% and total cumulative return in cash at $133,808. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,564/mo property income against a $1,760/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1950
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11570, Rockville Centre, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,987 (100%) |
| Owner Occupied HU | 7,763 (70.7%) |
| Renter Occupied HU | 2,839 (25.8%) |
| Vacant Housing Units | 385 ( 3.5%) |
| Median Home Value | $825,392 |
| Average Home Value | $859,119 |
Housing Distribution
Address Breakdown
Residential
10,445
Single Family
7,444
Multi-Family
3,001
Businesses
998
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Listed by: Edmond P. Ryan • Ed Ryan Real Estate Group
Mls Name: OneKey MLS
Mls ID: #917185