8 Welwyn Road #3FGreat 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 Welwyn Road #3F, Great Neck, NY, 11021 at $368,000 posts ROI 20.11% with $21/mo cash flow from $2,478/mo rent. Total monthly income equals $2,478/mo, and annual cash flow records $249/yr on $121,992 to close. Return on cash invested measures 20.11% and rental yield reads 8.08% at the current $368,000. Equity gained on principal adds $2,375/yr, and 5% annual appreciation supports $101,672 by year five. Five-year ROI prints 104.57% and total cumulative return in cash totals $127,573.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,478/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Condo
Built in 1938
0.47 Acres 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: Huailing Deng • Daniel Gale Sothebys Intl Rlty
Mls Name: OneKey MLS
Mls ID: #928139