183 Drake Avenue #1-ONew 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 183 Drake Avenue #1-O, New Rochelle, NY, 10805 uses $42,764 cash to close to unlock $1,667/yr annual cash flow and $139/mo monthly cash flow. Total monthly income runs $1,000/mo, and a $631/mo payment keeps the spread at $139/mo. Purchase price stands at $129,000, and rental yield measures 9.3% with $1,000/mo rent. Return on cash invested shows 23.81% in year one, and 5% annual appreciation builds toward $35,640 over five years. Five-year ROI reaches 124.4% and total cumulative return in cash records $53,197. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,000/mo property income covering a $631/mo payment rather than investor’s personal income.
Condo
Built in 1962
3.17 Acres 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: Agnes Aliberto • William Raveis Real Estate
Mls Name: OneKey MLS
Mls ID: #897190