11 Wooleys Lane UNIT 3EGreat NeckNY11023
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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 11 Wooleys Lane UNIT 3E, Great Neck, NY, 11023 priced at $526,000 pairs $5,693/mo rent with $888/mo cash flow after a $2,575/mo payment. Total monthly income equals $5,693/mo, and annual cash flow comes to $10,656/yr on $173,054 invested. Return on cash invested is 26.22% in year one, and rental yield stands at 12.99% on a $526,000 basis. Equity gained on principal adds $3,394/yr, and 5% annual appreciation accumulates to $145,324 by year five. Five-year ROI measures 140.52% and total cumulative return in cash reaches $243,179. For financing, Ziffy Mortgage’s DSCR program evaluates $5,693/mo property income against a $2,575/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1950
N/A lot
$N/A/sqft
$1,292 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11023, Great Neck, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,455 (100%) |
| Owner Occupied HU | 2,469 (71.5%) |
| Renter Occupied HU | 776 (22.5%) |
| Vacant Housing Units | 210 ( 6.1%) |
| Median Home Value | $1,181,626 |
| Average Home Value | $1,260,680 |
Housing Distribution
Address Breakdown
Residential
3,271
Single Family
2,611
Multi-Family
660
Businesses
426
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Listed by: Terri Levin • Compass Greater NY LLC
Mls Name: OneKey MLS
Mls Provider:
Mls ID: #3550546
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