15 Edgewood PlaceGreat 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
Investment property for sale in Great Neck at 15 Edgewood Place, Great Neck, NY, 11024 offers a 3.58% rental yield on a $1,626,000 purchase with $4,851/mo rent. 69% in year one. Equity gained on principal adds $10,492/yr while 5% annual appreciation supports $449,234 over five years. Portfolio math shows five-year ROI at 32.51% and total cumulative return in cash at $171,246. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,851/mo property income against a $7,958/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1972
5,000 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: #893210