11 Park Avenue UNIT 3NMount VernonNY10550
Nearby investment properties with comparable rents
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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 Mount Vernon at 11 Park Avenue UNIT 3N, Mount Vernon, NY, 10550 priced at $189,999 converts $3,058/mo rent into $820/mo cash flow after a $930/mo obligation. Total monthly income equals $3,058/mo, and annual cash flow totals $9,842/yr on $62,985 invested. Return on cash invested prints 35.54% in year one, and rental yield reads 19.31% against a $189,999 entry. Equity gained on principal adds $1,226/yr, while 5% annual appreciation compiles into $52,493 by year five. Five-year ROI reaches 194.03% and total cumulative return in cash sums $122,208. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,058/mo property income covering a $930/mo payment, not borrower’s personal income.
Condo
Built in 1968
N/A lot
$N/A/sqft
$969 monthly 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
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Listed by: Angely Herrera • H&A Real Estate Group, LLC
Mls Name: OneKey MLS
Mls Provider:
Mls ID: #H6318298
Disclaimer: The data relating to real estate for sale or lease on this web site comes in part from OneKey MLS. Real estate listings held by brokerage firms other than Zillow, Inc are marked with the OneKey MLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2024 OneKey MLS. All rights reserved.