16 Wooleys LaneGreat 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 16 Wooleys Lane, Great Neck, NY, 11023 priced at $1,958,000 pairs $6,494/mo rent with after a $9,583/mo payment. Total monthly income equals $6,494/mo. Return on cash invested is 7.92% in year one, and rental yield stands at 3.98% on a $1,958,000 basis. Equity gained on principal adds $12,635/yr, and 5% annual appreciation accumulates to $540,959 by year five. Five-year ROI measures 39.12% and total cumulative return in cash reaches $248,181. For financing, Ziffy Mortgage’s DSCR program evaluates $6,494/mo property income against a $9,583/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1945
10,300 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: Leora B. Nassimi • S Sharf Realty Inc
Mls Name: OneKey MLS
Mls ID: #940041