1 Ascot Ridge #1AGreat NeckNY11021
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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 Great Neck at 1 Ascot Ridge #1A, Great Neck, NY, 11021 offers $1,949/mo rent that, after a $1,410/mo payment, leaves $25/mo cash flow. Total monthly income is $1,949/mo, and annual cash flow is $305/yr on $95,472 cash. Return on cash invested measures 20.23% in year one, and rental yield stands at 8.12% at a $288,000 entry. Equity gained on principal adds $1,858/yr while 5% annual appreciation compounds into $79,569 by year five. Five-year ROI records 105.23% and total cumulative return in cash reaches $100,464. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,949/mo property income versus a $1,410/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 1935
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11021, Great Neck, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,564 (100%) |
| Owner Occupied HU | 5,673 (66.2%) |
| Renter Occupied HU | 2,406 (28.1%) |
| Vacant Housing Units | 485 ( 5.7%) |
| Median Home Value | $994,786 |
| Average Home Value | $1,111,618 |
Housing Distribution
Address Breakdown
Residential
8,322
Single Family
3,086
Multi-Family
5,236
Businesses
1,653
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Listed by: Mona S. Kremin SRES CBR • Keller Williams Points North
Mls Name: OneKey MLS
Mls ID: #958643