8 W Mill Drive #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 W Mill Drive #1B, Great Neck, NY, 11021 listed at $278,000 pairs $1,865/mo rent with a $1,361/mo payment to leave $8/mo cash flow. Total monthly income runs $1,865/mo, and annual cash flow reaches $99/yr on $92,157 cash to close. Return on cash invested measures 20.02% in year one, and rental yield registers 8.05% at a $278,000 basis. Equity gained on principal adds $1,794/yr, and annual property appreciation at 5% supports $76,806 by year five. Five-year ROI tracks 104.1% and total cumulative return in cash totals $95,933. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,865/mo property income relative to a $1,361/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1949
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: Yanan Eill • E Realty International Corp
Mls Name: OneKey MLS
Mls ID: #937036