17 Cumberland AvenueGreat NeckNY11020
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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 17 Cumberland Avenue, Great Neck, NY, 11020 generates $3,625/mo in rent, after a $4,151/mo payment. Total monthly income is $3,625/mo. Return on cash invested sits at 11.29% in year one, and rental yield is 5.13% on a $848,000 entry. Equity gained on principal adds $5,472/yr, while 5% annual appreciation builds toward $234,287 over five years. Five-year ROI reaches 57.25% and total cumulative return in cash sums $159,726. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,625/mo property income rather than buyer’s personal income.
Single Family
Built in 1953
6,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11020, Great Neck, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,025 (100%) |
| Owner Occupied HU | 1,587 (78.4%) |
| Renter Occupied HU | 337 (16.6%) |
| Vacant Housing Units | 101 ( 5.0%) |
| Median Home Value | $1,280,815 |
| Average Home Value | $1,372,212 |
Housing Distribution
Address Breakdown
Residential
1,969
Single Family
1,967
Multi-Family
2
Businesses
32
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Listed by: Soheila H. Eliassi • LAFFEY REAL ESTATE
Mls Name: OneKey MLS
Mls ID: #955051