515 E Shore RoadGreat NeckNY11024
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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 515 E Shore Road, Great Neck, NY, 11024 at $1,988,000 posts ROI 9.95% with from $7,680/mo rent. Total monthly income equals $7,680/mo. Return on cash invested measures 9.95% and rental yield reads 4.64% at the current $1,988,000. Equity gained on principal adds $12,828/yr, and 5% annual appreciation supports $549,248 by year five. Five-year ROI prints 49.97% and total cumulative return in cash totals $321,860. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $7,680/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1927
0.67 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11024, Great Neck, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,389 (100%) |
| Owner Occupied HU | 1,693 (70.9%) |
| Renter Occupied HU | 467 (19.5%) |
| Vacant Housing Units | 229 ( 9.6%) |
| Median Home Value | $1,557,692 |
| Average Home Value | $1,563,752 |
Housing Distribution
Address Breakdown
Residential
2,367
Single Family
2,223
Multi-Family
144
Businesses
87
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Listed by: Fariba Soleimani • LAFFEY REAL ESTATE
Mls Name: OneKey MLS
Mls ID: #949058