15 Beach Road #1PGreat 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
Investment property for sale in Great Neck at 15 Beach Road #1P, Great Neck, NY, 11023 at $348,000 posts ROI 55.05% with $3,378/mo cash flow from $5,702/mo rent. Total monthly income equals $5,702/mo, and annual cash flow records $40,541/yr on $115,362 to close. Return on cash invested measures 55.05% and rental yield reads 19.66% at the current $348,000. Equity gained on principal adds $2,246/yr, and 5% annual appreciation supports $96,146 by year five. Five-year ROI prints 291.95% and total cumulative return in cash totals $336,802.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $5,702/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Condo
Built in 1950
N/A 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: Tsung Mou Hsieh • Daniel Gale Sothebys Intl Rlty
Mls Name: OneKey MLS
Mls ID: #873737