216 Purchase Street #FRyeNY10580
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThis Rye rental at 216 Purchase Street #F, Rye, NY, 10580 sits in the solid-income band: 9.36% gross yield, $5,654/mo rent, $813/mo net after the $3,437/mo debt service, DSCR 1.65. Entry price of $725,000 is well-calibrated for the income it produces. Ziffy Mortgage finances this type of asset on rental income alone, no tax returns, no U.S. credit profile. Projected five-year appreciation of $200,304 and $6,078/yr in principal reduction bring total cumulative return to $315,144.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 9.4% | 6.2% |
| Monthly Cash Flow | $813 | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $5,654 |
| Total Monthly Debt Service | $4,730 |
| DSCR Ratio | 1.20x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.5% rate / 30-yr fixed, 25% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1969
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 10580, Rye, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,035 (100%) |
| Owner Occupied HU | 4,664 (66.3%) |
| Renter Occupied HU | 1,856 (26.4%) |
| Vacant Housing Units | 515 ( 7.3%) |
| Median Home Value | $1,758,545 |
| Average Home Value | $1,599,226 |
Housing Distribution
Address Breakdown
Residential
6,460
Single Family
5,196
Multi-Family
1,264
Businesses
633
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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
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