185 S Middle Neck Road S #1 RGreat NeckNY11021
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowDay-one income is the story at 185 S Middle Neck Road S #1 R, Great Neck, NY, 11021 in Great Neck. Priced at $275,000, it generates $3,130/mo in gross rent and $1,293/mo in net monthly cash flow, a 13.66% yield that comfortably supports the 2.53 DSCR needed for Ziffy Mortgage's no-W2 DSCR mortgage. Projected annual cash flow: $15,518. Five-year appreciation: $75,977. Equity from principal paydown: $2,533/yr. Total projected cumulative return: $188,103.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 13.7% | 6.2% |
| Monthly Cash Flow | $1,293 | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $3,130 |
| Total Monthly Debt Service | $1,727 |
| DSCR Ratio | 1.81x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1960
1.20 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
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
Condo
Built in 1960
1.20 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Nelson Pinilla • Compass Greater NY LLC
Mls Name: OneKey MLS
Mls Provider:
Mls ID: #813222