1299 Palmer Avenue #332LarchmontNY10538
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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 Larchmont at 1299 Palmer Avenue #332, Larchmont, NY, 10538 earns $23/mo cash flow from $2,360/mo rent with a $1,713/mo payment. Total monthly income totals $2,360/mo, and annual cash flow totals $274/yr on $116,025 capital. ROI tracks 20.15% on current figures, and rental yield reads 8.09% at a $350,000 purchase. Equity gained on principal adds $2,258/yr, and 5% annual appreciation supports $96,699 over five years. Five-year ROI reaches 104.75% and total cumulative return in cash sums $121,538. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,360/mo property income instead of your personal income.
Condo
Built in 1962
2.03 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 10538, Larchmont, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,747 (100%) |
| Owner Occupied HU | 4,875 (72.3%) |
| Renter Occupied HU | 1,457 (21.6%) |
| Vacant Housing Units | 415 ( 6.2%) |
| Median Home Value | $1,241,260 |
| Average Home Value | $1,309,190 |
Housing Distribution
Address Breakdown
Residential
6,604
Single Family
4,624
Multi-Family
1,980
Businesses
730
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Listed by: Alison M. Greene • Julia B Fee Sothebys Int. Rlty
Mls Name: OneKey MLS
Mls Provider:
Mls ID: #872601
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