183 Drake Avenue #1PNew 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 #1P, New Rochelle, NY, 10805 listed at $159,000 pairs $1,216/mo rent with a $778/mo payment to leave $154/mo cash flow. Total monthly income runs $1,216/mo, and annual cash flow reaches $1,853/yr on $52,709 cash to close. Return on cash invested measures 23.43% in year one, and rental yield registers 9.18% at a $159,000 basis. Equity gained on principal adds $1,026/yr, and annual property appreciation at 5% supports $43,929 by year five. Five-year ROI tracks 122.39% and total cumulative return in cash totals $64,512. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,216/mo property income relative to a $778/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1950
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: Daniel R. Martinez • Keller Williams Realty Group
Mls Name: OneKey MLS
Mls ID: #956542