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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Great Neck at 21 Ravine Road, Great Neck, NY, 11023 uses $295,771 cash to close to unlock $7,161/yr annual cash flow and $597/mo monthly cash flow. Total monthly income runs $6,600/mo, and a $4,400/mo payment keeps the spread at $597/mo. Purchase price stands at $899,000, and rental yield measures 8.81% with $6,600/mo rent. Return on cash invested shows 22.48% in year one, and 5% annual appreciation builds toward $248,377 over five years. Five-year ROI reaches 117.25% and total cumulative return in cash records $346,786. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $6,600/mo property income covering a $4,400/mo payment rather than investor’s personal income.
Single Family
Built in 1953
6,750 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 11023, Great Neck, NY area.
| 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 |
Residential
3,271
Single Family
2,611
Multi-Family
660
Businesses
426
Date | Event | Price |
|---|---|---|
| 2024-11-14 | Listed for sale | $899,000 |
| 2021-07-21 | Sold | $850,000 |
| 2018-03-28 | Sold | $660,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-03-17 | N/A | N/A | $810 | 5.88% |
| 2022-03-17 | N/A | N/A | $765 | N/A |
| 2021-03-17 | $11959.54 | 16.94% | N/A | N/A |
What's Special
None
Listed by: Angela Chaman • LAFFEY REAL ESTATE
Mls Name: OneKey MLS
Mls Provider:
Mls ID: #835089
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 2025 OneKey MLS. All rights reserved.
