504 Merrick Road #2kLynbrookNY11563
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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 Lynbrook at 504 Merrick Road #2k, Lynbrook, NY, 11563 offers a 12.58% rental yield on a $229,000 purchase with $2,400/mo rent. Total monthly income registers $2,400/mo, and a $1,121/mo payment leaves $871/mo available for distribution. Annual cash flow reaches $10,447/yr on $75,914 to close, and return on cash invested stands at 33.67% in year one. Equity gained on principal adds $1,478/yr while 5% annual appreciation supports $63,268 over five years. Portfolio math shows five-year ROI at 177.3% and total cumulative return in cash at $134,597. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,400/mo property income against a $1,121/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1961
0.59 Acres lot
$N/A/sqft
No 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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