46 Grace Avenue #1LGreat 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
Rental property for sale in Great Neck at 46 Grace Avenue #1L, Great Neck, NY, 11021 priced at $498,000 pairs $3,034/mo rent with after a $2,437/mo payment. Total monthly income equals $3,034/mo. Return on cash invested is 17.79% in year one, and rental yield stands at 7.31% on a $498,000 basis. Equity gained on principal adds $3,214/yr, and 5% annual appreciation accumulates to $137,588 by year five. Five-year ROI measures 92.13% and total cumulative return in cash reaches $152,092. For financing, Ziffy Mortgage’s DSCR program evaluates $3,034/mo property income against a $2,437/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1952
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: Alin Stangu • Daniel Gale Sothebys Intl Rlty
Mls Name: OneKey MLS
Mls ID: #956719