4 West Mill Drive #1CGreat 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 4 West Mill Drive #1C, Great Neck, NY, 11021 offers $2,769/mo rent that, after a $1,948/mo payment, leaves $111/mo cash flow. Total monthly income is $2,769/mo, and annual cash flow is $1,335/yr on $131,937 cash. Return on cash invested measures 20.92% in year one, and rental yield stands at 8.35% at a $398,000 entry. Equity gained on principal adds $2,568/yr while 5% annual appreciation compounds into $109,960 by year five. Five-year ROI records 108.92% and total cumulative return in cash reaches $143,712. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,769/mo property income versus a $1,948/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 1949
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: Kerry A. Harrison CBR • FIRST FLAG Realty Inc
Mls Name: OneKey MLS
Mls ID: #943430