25 PARK Place #2GGreat NeckNY11021
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 25 PARK Place #2G, Great Neck, NY, 11021 priced at $318,000 pairs $2,271/mo rent with $148/mo cash flow after a $1,556/mo payment. Total monthly income equals $2,271/mo, and annual cash flow comes to $1,775/yr on $105,417 invested. Return on cash invested is 21.59% in year one, and rental yield stands at 8.57% on a $318,000 basis. Equity gained on principal adds $2,052/yr, and 5% annual appreciation accumulates to $87,858 by year five. Five-year ROI measures 112.5% and total cumulative return in cash reaches $118,595. For financing, Ziffy Mortgage’s DSCR program evaluates $2,271/mo property income against a $1,556/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1960
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Edna Mashaal • Edna Mashaal Realty LLC
Mls Name: OneKey MLS
Mls ID: #947668