10 Lake Street #1BWhite PlainsNY10603
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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
Rental property for sale in White Plains at 10 Lake Street #1B, White Plains, NY, 10603 priced at $265,000 pairs $2,488/mo rent with $718/mo cash flow after a $1,297/mo payment. Total monthly income equals $2,488/mo, and annual cash flow comes to $8,621/yr on $87,848 invested. Return on cash invested is 29.72% in year one, and rental yield stands at 11.27% on a $265,000 basis. Equity gained on principal adds $1,710/yr, and 5% annual appreciation accumulates to $73,215 by year five. Five-year ROI measures 156.12% and total cumulative return in cash reaches $137,151. For financing, Ziffy Mortgage’s DSCR program evaluates $2,488/mo property income against a $1,297/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1966
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 10603, White Plains, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,480 (100%) |
| Owner Occupied HU | 4,464 (59.7%) |
| Renter Occupied HU | 2,663 (35.6%) |
| Vacant Housing Units | 353 ( 4.7%) |
| Median Home Value | $608,558 |
| Average Home Value | $611,183 |
Housing Distribution
Address Breakdown
Residential
7,140
Single Family
3,875
Multi-Family
3,265
Businesses
540
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Listed by: Jorge A. Guerrero Jr • Home Sweet Home Properties
Mls Name: OneKey MLS
Mls ID: #895218