215 melbourne RoadGreat 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 215 melbourne Road, Great Neck, NY, 11021 with 5% annual appreciation on a $1,998,000 basis while $8,100/mo rent supports operations. 65% in year one. Equity gained on principal adds $12,893/yr, and five-year appreciation sums $552,011 alongside rental yield of 4.86%. Five-year ROI measures 53.76% and total cumulative return in cash totals $348,015. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $8,100/mo property income versus a $9,779/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1932
N/A 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: Betty A. Meron • Edna Mashaal Realty LLC
Mls Name: OneKey MLS
Mls ID: #900066