7 Meriden PlaceMelvilleNY11747
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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 Melville at 7 Meriden Place, Melville, NY, 11747 with 5% annual appreciation on a $836,000 basis while $5,746/mo rent supports operations. Total monthly income totals $5,746/mo and a $4,092/mo payment preserves $163/mo for cash returns. Annual cash flow comes to $1,958/yr on $275,044 deployed, and return on cash invested reaches 20.77% in year one. Equity gained on principal adds $5,395/yr, and five-year appreciation sums $230,971 alongside rental yield of 8.25%. Five-year ROI measures 108.09% and total cumulative return in cash totals $297,306.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $5,746/mo property income versus a $4,092/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1954
0.36 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11747, Melville, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,945 (100%) |
| Owner Occupied HU | 6,327 (79.6%) |
| Renter Occupied HU | 1,193 (15.0%) |
| Vacant Housing Units | 425 ( 5.3%) |
| Median Home Value | $831,921 |
| Average Home Value | $903,171 |
Housing Distribution
Address Breakdown
Residential
7,762
Single Family
7,762
Multi-Family
0
Businesses
1,620
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