320 E Shore Road E #6BGreat 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 E #6B, Great Neck, NY, 11023 listed at $780,000 pairs $5,702/mo rent with a $3,818/mo payment to leave $493/mo cash flow. Total monthly income runs $5,702/mo, and annual cash flow reaches $5,916/yr on $256,620 cash to close. Return on cash invested measures 22.37% in year one, and rental yield registers 8.77% at a $780,000 basis. Equity gained on principal adds $5,033/yr, and annual property appreciation at 5% supports $215,500 by year five. Five-year ROI tracks 116.62% and total cumulative return in cash totals $299,272. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $5,702/mo property income relative to a $3,818/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1970
2.23 Acres 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: #930919