171 GREAT NECK Road #1NGreat 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 171 GREAT NECK Road #1N, Great Neck, NY, 11020 generates $4,750/mo in rent, after a $7,342/mo payment. Total monthly income is $4,750/mo. Return on cash invested sits at 7.36% in year one, and rental yield is 3.8% on a $1,500,000 entry. Equity gained on principal adds $9,679/yr, while 5% annual appreciation builds toward $414,422 over five years. Five-year ROI reaches 36.13% and total cumulative return in cash sums $175,571. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,750/mo property income rather than buyer’s personal income.
Condo
Built in 2007
N/A 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: Janet Etessami • Janet Etessami Realty Inc
Mls Name: OneKey MLS
Mls ID: #945828