2 Park Lane #5EMount VernonNY10552
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Mount Vernon at 2 Park Lane #5E, Mount Vernon, NY, 10552 with 5% annual appreciation on a $325,000 basis while $2,253/mo rent supports operations. Total monthly income totals $2,253/mo and a $1,591/mo payment preserves $82/mo for cash returns. Annual cash flow comes to $989/yr on $107,738 deployed, and return on cash invested reaches 20.83% in year one. Equity gained on principal adds $2,097/yr, and five-year appreciation sums $89,792 alongside rental yield of 8.32%. Five-year ROI measures 108.42% and total cumulative return in cash totals $116,809.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,253/mo property income versus a $1,591/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in 1928
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 10552, Mount Vernon, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,179 (100%) |
| Owner Occupied HU | 4,854 (52.9%) |
| Renter Occupied HU | 3,771 (41.1%) |
| Vacant Housing Units | 554 ( 6.0%) |
| Median Home Value | $576,954 |
| Average Home Value | $576,550 |
Housing Distribution
Address Breakdown
Residential
9,029
Single Family
3,518
Multi-Family
5,511
Businesses
295
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Peter Harris • Houlihan Lawrence Inc.
Mls Name: OneKey MLS
Mls ID: #939550