20 Gilchrest Road #3DGreat NeckNY11021
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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 20 Gilchrest Road #3D, Great Neck, NY, 11021 offers a 8.37% rental yield on a $899,000 purchase with $6,268/mo rent. Total monthly income registers $6,268/mo, and a $4,400/mo payment leaves $265/mo available for distribution. Annual cash flow reaches $3,177/yr on $295,771 to close, and return on cash invested stands at 21.13% in year one. Equity gained on principal adds $5,801/yr while 5% annual appreciation supports $248,377 over five years. Portfolio math shows five-year ROI at 110.02% and total cumulative return in cash at $325,402. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $6,268/mo property income against a $4,400/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1975
0.35 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11021, Great Neck, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,564 (100%) |
| Owner Occupied HU | 5,673 (66.2%) |
| Renter Occupied HU | 2,406 (28.1%) |
| Vacant Housing Units | 485 ( 5.7%) |
| Median Home Value | $994,786 |
| Average Home Value | $1,111,618 |
Housing Distribution
Address Breakdown
Residential
8,322
Single Family
3,086
Multi-Family
5,236
Businesses
1,653
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Listed by: Andrea G. Levine CBR • Keller Williams Rty Gold Coast
Mls Name: OneKey MLS
Mls ID: #952700