179 Drake AveNew RochelleNY10805
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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 179 Drake Ave, New Rochelle, NY, 10805 offers a 8.15% rental yield on a $219,000 purchase with $1,487/mo rent. Total monthly income registers $1,487/mo, and a $1,072/mo payment leaves $24/mo available for distribution. Annual cash flow reaches $293/yr on $72,599 to close, and return on cash invested stands at 20.31% in year one. Equity gained on principal adds $1,413/yr while 5% annual appreciation supports $60,506 over five years. Portfolio math shows five-year ROI at 105.68% and total cumulative return in cash at $76,725. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,487/mo property income against a $1,072/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 10805, New Rochelle, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,836 (100%) |
| Owner Occupied HU | 2,805 (35.8%) |
| Renter Occupied HU | 4,434 (56.6%) |
| Vacant Housing Units | 597 ( 7.6%) |
| Median Home Value | $651,989 |
| Average Home Value | $785,291 |
Housing Distribution
Address Breakdown
Residential
7,613
Single Family
2,313
Multi-Family
5,300
Businesses
177
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Listed by: Tyler Brown • RE MAX SPARROW REALTY
Mls Name: NY State MLS
Mls ID: #11531163