504 Merrick Road #1GLynbrookNY11563
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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
Total monthly income runs $1,605/mo, and a $1,101/mo payment. Purchase price stands at $225,000, and rental yield measures 8.56% with $1,605/mo rent. Return on cash invested shows 3.86% in year one, and 5% annual appreciation builds toward $62,163 over five years. Five-year ROI reaches 23.86% and total cumulative return in cash records $17,793. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,605/mo property income covering a $1,101/mo payment rather than investor’s personal income.
Condo
Built in 1961
0.59 Acres lot
$N/A/sqft
$1,100 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11563, Lynbrook, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,934 (100%) |
| Owner Occupied HU | 6,214 (69.6%) |
| Renter Occupied HU | 2,322 (26.0%) |
| Vacant Housing Units | 398 ( 4.5%) |
| Median Home Value | $648,245 |
| Average Home Value | $701,546 |
Housing Distribution
Address Breakdown
Residential
7,966
Single Family
6,523
Multi-Family
1,443
Businesses
1,015
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Listed by: Steven Pulla • Frontline Realty Group LLC
Mls Name: OneKey MLS
Mls Provider:
Mls ID: #849222
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