1 FRANKLIN RoadGreat NeckNY11024
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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 FRANKLIN Road, Great Neck, NY, 11024 priced at $1,328,000 converts $4,140/mo rent into after a $6,500/mo obligation. Total monthly income equals $4,140/mo. Return on cash invested prints 7.18% in year one, and rental yield reads 3.74% against a $1,328,000 entry. Equity gained on principal adds $8,569/yr, while 5% annual appreciation compiles into $366,902 by year five. Five-year ROI reaches 35.16% and total cumulative return in cash sums $151,270. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,140/mo property income covering a $6,500/mo payment, not borrower’s personal income.
Single Family
Built in 1985
5,640 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11024, Great Neck, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,389 (100%) |
| Owner Occupied HU | 1,693 (70.9%) |
| Renter Occupied HU | 467 (19.5%) |
| Vacant Housing Units | 229 ( 9.6%) |
| Median Home Value | $1,557,692 |
| Average Home Value | $1,563,752 |
Housing Distribution
Address Breakdown
Residential
2,367
Single Family
2,223
Multi-Family
144
Businesses
87
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Listed by: Edna Mashaal • Edna Mashaal Realty LLC
Mls Name: OneKey MLS
Mls ID: #943330