30 GRACE #LL-1Great 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 30 GRACE #LL-1, Great Neck, NY, 11021 uses $53,637 cash to close to unlock $3,330/yr annual cash flow and $277/mo monthly cash flow. Total monthly income runs $1,358/mo, and a $792/mo payment keeps the spread at $277/mo. Purchase price stands at $161,800, and rental yield measures 10.07% with $1,358/mo rent. Return on cash invested shows 26.12% in year one, and 5% annual appreciation builds toward $44,702 over five years. Five-year ROI reaches 136.84% and total cumulative return in cash records $73,395. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,358/mo property income covering a $792/mo payment rather than investor’s personal income.
Condo
Built in 1950
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: Edna Mashaal • Edna Mashaal Realty LLC
Mls Name: OneKey MLS
Mls Provider:
Mls ID: #844133
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