50 Merrick Avenue #216East MeadowNY11554
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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
Rental property for sale in East Meadow at 50 Merrick Avenue #216, East Meadow, NY, 11554 generates $3,950/mo in rent and, after a $2,296/mo payment, leaves $818/mo in cash flow. Total monthly income is $3,950/mo, and annual cash flow is $9,811/yr on $155,474 invested. Return on cash invested sits at 26.22% in year one, and rental yield is 10.11% on a $469,000 entry. Equity gained on principal adds $3,026/yr, while 5% annual appreciation builds toward $129,576 over five years. Five-year ROI reaches 137.32% and total cumulative return in cash sums $213,499. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,950/mo property income rather than buyer’s personal income.
Condo
Built in 2004
3.08 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11554, East Meadow, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,941 (100%) |
| Owner Occupied HU | 10,853 (83.9%) |
| Renter Occupied HU | 1,467 (11.3%) |
| Vacant Housing Units | 621 ( 4.8%) |
| Median Home Value | $645,699 |
| Average Home Value | $677,233 |
Housing Distribution
Address Breakdown
Residential
12,559
Single Family
12,287
Multi-Family
272
Businesses
820
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Listed by: John Savoca SRES • HomeSmart Premier Living Rlty
Mls Name: OneKey MLS
Mls ID: #901090