56 Beach DrMerrickNY11566
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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 Merrick at 56 Beach Dr, Merrick, NY, 11566 offers $5,651/mo rent that, after a $3,817/mo payment, leaves $443/mo cash flow. Total monthly income is $5,651/mo, and annual cash flow is $5,318/yr on $256,587 cash. Return on cash invested measures 22.13% in year one, and rental yield stands at 8.69% at a $779,900 entry. Equity gained on principal adds $5,033/yr while 5% annual appreciation compounds into $215,472 by year five. Five-year ROI records 115.39% and total cumulative return in cash reaches $296,073. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $5,651/mo property income versus a $3,817/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1931
4,356 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11566, Merrick, NY area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
11,756
Single Family
11,711
Multi-Family
45
Businesses
825
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