1273 North Avenue 1F-#8New RochelleNY10804
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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 New Rochelle at 1273 North Avenue 1F-#8, New Rochelle, NY, 10804 offers a 8.15% rental yield on a $229,000 purchase with $1,555/mo rent. Total monthly income registers $1,555/mo, and a $1,121/mo payment leaves $26/mo available for distribution. Annual cash flow reaches $307/yr on $75,914 to close, and return on cash invested stands at 20.31% in year one. Equity gained on principal adds $1,478/yr while 5% annual appreciation supports $63,268 over five years. Portfolio math shows five-year ROI at 105.66% and total cumulative return in cash at $80,213. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,555/mo property income against a $1,121/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1929
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 10804, New Rochelle, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,011 (100%) |
| Owner Occupied HU | 4,485 (89.5%) |
| Renter Occupied HU | 304 ( 6.1%) |
| Vacant Housing Units | 222 ( 4.4%) |
| Median Home Value | $905,613 |
| Average Home Value | $1,003,736 |
Housing Distribution
Address Breakdown
Residential
5,148
Single Family
4,550
Multi-Family
598
Businesses
232
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Listed by: Owen R. Berkowitz • Christie's Int. Real Estate
Mls Name: OneKey MLS
Mls ID: #937692