1 Park Lane #4AMount VernonNY10552
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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 Mount Vernon at 1 Park Lane #4A, Mount Vernon, NY, 10552 offers a 12.56% rental yield on a $545,000 purchase with $5,705/mo rent. Total monthly income registers $5,705/mo, and a $2,668/mo payment leaves $2,065/mo available for distribution. Annual cash flow reaches $24,781/yr on $179,305 to close, and return on cash invested stands at 33.88% in year one. Equity gained on principal adds $3,517/yr while 5% annual appreciation supports $150,573 over five years. Portfolio math shows five-year ROI at 178.4% and total cumulative return in cash at $319,884. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $5,705/mo property income against a $2,668/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1928
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 10552, Mount Vernon, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,179 (100%) |
| Owner Occupied HU | 4,854 (52.9%) |
| Renter Occupied HU | 3,771 (41.1%) |
| Vacant Housing Units | 554 ( 6.0%) |
| Median Home Value | $576,954 |
| Average Home Value | $576,550 |
Housing Distribution
Address Breakdown
Residential
9,029
Single Family
3,518
Multi-Family
5,511
Businesses
295
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Listed by: Susan D. Hawkins • Julia B Fee Sothebys Int. Rlty
Mls Name: OneKey MLS
Mls ID: #911102