2 S Gate RdGreat 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
Investment property for sale in Great Neck at 2 S Gate Rd, Great Neck, NY, 11023 offers a 4.94% rental yield on a $1,950,000 purchase with $8,029/mo rent. 89% in year one. Equity gained on principal adds $12,583/yr while 5% annual appreciation supports $538,749 over five years. Portfolio math shows five-year ROI at 55.02% and total cumulative return in cash at $347,621. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $8,029/mo property income against a $9,544/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1951
9,850 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: Elvis Tominovic • EAST COAST NEW YORK
Mls Name: NY State MLS
Mls ID: #11431357