41-75 Morgan StreetLittle NeckNY11363
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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 Little Neck at 41-75 Morgan Street, Little Neck, NY, 11363 offers a 3.21% rental yield on a $1,279,900 purchase with $3,420/mo rent. 54% in year one. Equity gained on principal adds $8,259/yr while 5% annual appreciation supports $353,613 over five years. Portfolio math shows five-year ROI at 26.33% and total cumulative return in cash at $109,169. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,420/mo property income against a $6,264/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1940
4,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11363, Little Neck, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,933 (100%) |
| Owner Occupied HU | 1,892 (64.5%) |
| Renter Occupied HU | 866 (29.5%) |
| Vacant Housing Units | 175 ( 6.0%) |
| Median Home Value | $1,074,519 |
| Average Home Value | $1,146,069 |
Housing Distribution
Address Breakdown
Residential
2,620
Single Family
2,155
Multi-Family
465
Businesses
186
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Listed by: Derek J. Greene • Greene Realty Group
Mls Name: OneKey MLS
Mls ID: #951715