9 Salem RoadMerrickNY11566
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderReliable and efficiently structured, 9 Salem Road, Merrick, NY, 11566 in Merrick is a conservative rental investment at $1,099,000. Rental yield 7.75%. A 1.44 coverage ratio meets Ziffy Mortgage's DSCR standard for foreign-national financing. Five-year equity: 5% appreciation adds $303,633; $10,122/yr in principal paydown supplements. Total projected return: $403,639.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 7.8% | 6.2% |
| Monthly Cash Flow | $(240) | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $7,099 |
| Total Monthly Debt Service | $6,902 |
| DSCR Ratio | 1.03x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1948
8,470 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1948
8,470 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices