11 Park Avenue #6VMount VernonNY10550
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
Investment Highlights
Rental property for sale in Mount Vernon at 11 Park Avenue #6V, Mount Vernon, NY, 10550 generates $1,641/mo in rent and, after a $1,150/mo payment, leaves $72/mo in cash flow. Total monthly income is $1,641/mo, and annual cash flow is $863/yr on $77,903 invested. Return on cash invested sits at 21.02% in year one, and rental yield is 8.38% on a $235,000 entry. Equity gained on principal adds $1,516/yr, while 5% annual appreciation builds toward $64,926 over five years. Five-year ROI reaches 109.4% and total cumulative return in cash sums $85,228. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,641/mo property income rather than buyer’s personal income.
Condo
Built in 1968
1.67 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 10550, Mount Vernon, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,298 (100%) |
| Owner Occupied HU | 3,520 (21.6%) |
| Renter Occupied HU | 11,383 (69.8%) |
| Vacant Housing Units | 1,395 ( 8.6%) |
| Median Home Value | $539,898 |
| Average Home Value | $571,941 |
Housing Distribution
Address Breakdown
Residential
13,499
Single Family
5,493
Multi-Family
8,006
Businesses
1,575
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: April N. Blount • United RE Hudson Valley Edge
Mls Name: OneKey MLS
Mls ID: #941731