Is Great Neck Estates, NY a good place to invest in rental property?

Great Neck Estates, NY has a median modeled monthly cash flow of $-5,796 and a median cap rate of 1.4%, on a median sold price of $1,585,000. Prices changed -4.8% year over year.

What is the average cap rate in Great Neck Estates, NY?

The median cap rate across recently sold homes in Great Neck Estates, NY is 1.4%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Great Neck Estates, NY?

The median sold price in Great Neck Estates, NY is $1,585,000 (about $678 per square foot).

Investing in Great Neck Estates, NY Real Estate

A data-driven snapshot of the Great Neck Estates, NY rental-property market, built from recently sold homes and CashFlowRE's per-listing investment modeling — median price, cap rate, monthly cash flow, appreciation and inventory — so you can judge the market before you ever open a listing.

$1,585,000Median sold price

$678Median $/sqft

1.4%Median cap rate

$-5,796Modeled cash flow / mo

-4.8%Appreciation YoY

13.1Months of supply

37Active listings

34Sold (last 12 mo)

What the Great Neck Estates numbers say

In Great Neck Estates, NY, the median home sold for $1,585,000 (about $678 per square foot), and the typical deal models out to a 1.4% cap rate with a median $-5,796 of monthly cash flow. Sold prices moved -4.8% over the past year. Inventory sits at about 13.1 months of supply — a looser, buyer-friendly market. These are medians across recorded sales; individual properties vary widely, which is exactly what CashFlowRE scores listing by listing.

Other New York markets to compare

See Great Neck Estates cash-flowing listings

CashFlowRE ranks every for-sale home in Great Neck Estates, NY by cap rate, cash-on-cash return, DSCR and monthly cash flow — so the best rental deals rise to the top. Create a free account to screen Great Neck Estates deals, or browse the national market data.