320 E Shore Road #CGreat NeckNY11023
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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 320 E Shore Road #C, Great Neck, NY, 11023 earns $1,305/mo cash flow from $4,030/mo rent with a $1,997/mo payment. Total monthly income totals $4,030/mo, and annual cash flow totals $15,665/yr on $135,252 capital. ROI tracks 31.49% on current figures, and rental yield reads 11.85% at a $408,000 purchase. Equity gained on principal adds $2,633/yr, and 5% annual appreciation supports $112,723 over five years. Five-year ROI reaches 165.61% and total cumulative return in cash sums $223,987. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $4,030/mo property income instead of your personal income.
Condo
Built in 1972
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11023, Great Neck, NY area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
3,271
Single Family
2,611
Multi-Family
660
Businesses
426
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Listed by: Trudy Elliott CBR • Keller Williams Rty Gold Coast
Mls Name: OneKey MLS
Mls ID: #910096