1 terrace Circle #3HGreat 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 terrace Circle #3H, Great Neck, NY, 11021 priced at $305,000 converts $2,102/mo rent into $65/mo cash flow after a $1,493/mo obligation. Total monthly income equals $2,102/mo, and annual cash flow totals $781/yr on $101,108 invested. Return on cash invested prints 20.68% in year one, and rental yield reads 8.27% against a $305,000 entry. Equity gained on principal adds $1,968/yr, while 5% annual appreciation compiles into $84,266 by year five. Five-year ROI reaches 107.68% and total cumulative return in cash sums $108,874. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,102/mo property income covering a $1,493/mo payment, not borrower’s personal income.
Condo
Built in 1948
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: Irina Amir • Island Advantage Realty LLC
Mls Name: OneKey MLS
Mls ID: #952095