17 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 17 Wooleys Lane, Great Neck, NY, 11023 priced at $999,999 pairs $10,016/mo rent with $3,339/mo cash flow after a $4,895/mo payment. Total monthly income equals $10,016/mo, and annual cash flow comes to $40,064/yr on $329,000 invested. Return on cash invested is 32.24% in year one, and rental yield stands at 12.02% on a $999,999 basis. Equity gained on principal adds $6,453/yr, and 5% annual appreciation accumulates to $276,281 by year five. Five-year ROI measures 169.57% and total cumulative return in cash reaches $557,871. For financing, Ziffy Mortgage’s DSCR program evaluates $10,016/mo property income against a $4,895/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1983
0.28 Acres lot
$N/A/sqft
No HOA
More details about the property
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
Price History
Date | Event | Price |
|---|---|---|
| 2024-07-18 | Listed for sale | $999,999 |
| 2020-09-11 | Listing removed | $1,375,000 |
| 2019-07-11 | Price change | $1,375,000 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-08-13 | N/A | N/A | $1,639,550 | N/A |
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Facts & Features
General Information
- Type: SingleFamily
- Year Built: 1983
- Architectural Style: N/A
- Building Area: 1,852
- Living Area: 1,852 sqft
- Property Condition: N/A
Features & Amenities
- Heating: None
- Cooling: None
- Flooring: N/A
- Interior Features: N/A
- Exterior Features: N/A
- Parking Features: Private, Driveway
Location
- City: Great Neck
- State: NY
- Subdivision: N/A
- Lot Size: 0.28 Acres
- Lot Features: Level
- View: N/A
HOA & Fees
- HOA Fee: N/A
- Association Fee: N/A
- Fees & Dues: N/A
- Association Amenities: N/A
- Association Fee Includes: N/A
Utilities
- Utilities: N/A
- Sewer: Sewer
- Water Source: Public
- Road Surface Type: N/A
School Information
- Elementary School: E M Baker School
- Middle School: Great Neck South Middle School
- High School: Great Neck North High School
What's Special
None
Listed by: Ralph M Harvey • ListWithFreedom.Com
Mls Name: OneKey MLS
Mls Provider:
Mls ID: #3566458
Disclaimer: The data relating to real estate for sale or lease on this web site comes in part from OneKey MLS. Real estate listings held by brokerage firms other than Zillow, Inc are marked with the OneKey MLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2024 OneKey MLS. All rights reserved.