6 Spring LaneGreat NeckNY11024
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
Investment property for sale in Great Neck at 6 Spring Lane, Great Neck, NY, 11024 with 5% annual appreciation on a $999,999 basis while $7,813/mo rent supports operations. Total monthly income totals $7,813/mo and a $4,895/mo payment preserves $1,136/mo for cash returns. Annual cash flow comes to $13,628/yr on $329,000 deployed, and return on cash invested reaches 24.2% in year one. Equity gained on principal adds $6,453/yr, and five-year appreciation sums $276,281 alongside rental yield of 9.38%. Five-year ROI measures 126.47% and total cumulative return in cash totals $416,091.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $7,813/mo property income versus a $4,895/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1918
6,250 sqft lot
$N/A/sqft
No HOA
More details about the property
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
Price History
Date | Event | Price |
|---|---|---|
| 2024-08-07 | Listed for sale | $999,999 |
| 2024-07-30 | Pending sale | $999,999 |
| 2024-07-02 | Listed for sale | $999,999 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-08-13 | N/A | N/A | $750 | N/A |
| 2022-08-13 | N/A | N/A | $750 | N/A |
| 2021-08-13 | $9832.93 | 14.72% | N/A | N/A |
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Facts & Features
General Information
- Type: SingleFamily
- Year Built: 1918
- Architectural Style: Colonial
- Building Area: N/A
- Living Area: N/A
- Property Condition: excellent
Features & Amenities
- Heating: Natural Gas, Baseboard, Hot Water
- Cooling: Central Air, Wall Unit(s)
- Flooring: N/A
- Interior Features: Eat-in Kitchen, Granite Counters, Home Office, Living Room/Dining Room Combo
- Exterior Features: N/A
- Parking Features: Private, Attached
Location
- City: Great Neck
- State: NY
- Subdivision: N/A
- Lot Size: 6,250 sqft
- Lot Features: Corner Lot, Level, Near Public Transit, Private
- View: Open
HOA & Fees
- HOA Fee: N/A
- Association Fee: N/A
- Fees & Dues: N/A
- Association Amenities: N/A
- Association Fee Includes: N/A
Utilities
- Utilities: N/A
- Sewer: Sewer
- Water Source: Public
- Road Surface Type: N/A
School Information
- Elementary School: John F Kennedy School
- Middle School: Great Neck North Middle School
- High School: Great Neck North High School
What's Special
See Remarks
Listed by: Terri Levin • Compass Greater NY LLC
Mls Name: OneKey MLS
Mls Provider:
Mls ID: #3563180
Disclaimer: The data relating to real estate for sale or lease on this web site comes in part from OneKey MLS. Real estate listings held by brokerage firms other than Zillow, Inc are marked with the OneKey MLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2024 OneKey MLS. All rights reserved.