118 Lawn Terrace Terrace #1EMamaroneckNY10543
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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 Mamaroneck at 118 Lawn Terrace Terrace #1E, Mamaroneck, NY, 10543 uses $127,628 cash to close to unlock $2,189/yr annual cash flow and $182/mo monthly cash flow. Total monthly income runs $2,753/mo, and a $1,884/mo payment keeps the spread at $182/mo. Purchase price stands at $385,000, and rental yield measures 8.58% with $2,753/mo rent. Return on cash invested shows 21.62% in year one, and 5% annual appreciation builds toward $106,368 over five years. Five-year ROI reaches 112.69% and total cumulative return in cash records $143,818. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,753/mo property income covering a $1,884/mo payment rather than investor’s personal income.
Condo
Built in 1952
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 10543, Mamaroneck, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,047 (100%) |
| Owner Occupied HU | 4,555 (56.6%) |
| Renter Occupied HU | 3,084 (38.3%) |
| Vacant Housing Units | 408 ( 5.1%) |
| Median Home Value | $875,909 |
| Average Home Value | $1,046,666 |
Housing Distribution
Address Breakdown
Residential
7,458
Single Family
4,965
Multi-Family
2,493
Businesses
1,010
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Listed by: Mary Childs • Berkshire Hathaway HS NE Prop.
Mls Name: OneKey MLS
Mls ID: #952699