8 Terrace Circle #1BGreat 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
Investment property for sale in Great Neck at 8 Terrace Circle #1B, Great Neck, NY, 11021 offers a 8.6% rental yield on a $299,000 purchase with $2,143/mo rent. Total monthly income registers $2,143/mo, and a $1,463/mo payment leaves $147/mo available for distribution. Annual cash flow reaches $1,761/yr on $99,119 to close, and return on cash invested stands at 21.69% in year one. Equity gained on principal adds $1,929/yr while 5% annual appreciation supports $82,608 over five years. Portfolio math shows five-year ROI at 113.01% and total cumulative return in cash at $112,018. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,143/mo property income against a $1,463/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1950
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: Edward Sabetay • Edify Real Estate
Mls Name: OneKey MLS
Mls ID: #915639