113 Old Mill RoadGreat 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 113 Old Mill Road, Great Neck, NY, 11023 generates $5,149/mo in rent, after a $6,843/mo payment. Total monthly income is $5,149/mo. Return on cash invested sits at 9.28% in year one, and rental yield is 4.42% on a $1,398,000 entry. Equity gained on principal adds $9,021/yr, while 5% annual appreciation builds toward $386,242 over five years. Five-year ROI reaches 46.38% and total cumulative return in cash sums $210,099. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $5,149/mo property income rather than buyer’s personal income.
Single Family
Built in 1937
7,500 sqft lot
$N/A/sqft
No 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: Diana B. Sheena • S Sharf Realty Inc
Mls Name: OneKey MLS
Mls ID: #903378