22 Chestnut PlaceMount VernonNY10553
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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
Rental property for sale in Mount Vernon at 22 Chestnut Place, Mount Vernon, NY, 10553 generates $3,720/mo in rent, after a $3,768/mo payment. Total monthly income is $3,720/mo. Return on cash invested sits at 13.33% in year one, and rental yield is 5.8% on a $769,900 entry. Equity gained on principal adds $4,968/yr, while 5% annual appreciation builds toward $212,709 over five years. Five-year ROI reaches 68.18% and total cumulative return in cash sums $172,693. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,720/mo property income rather than buyer’s personal income.
Multi Family
Built in 1960
3,485 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 10553, Mount Vernon, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,912 (100%) |
| Owner Occupied HU | 2,118 (43.1%) |
| Renter Occupied HU | 2,384 (48.5%) |
| Vacant Housing Units | 410 ( 8.3%) |
| Median Home Value | $438,788 |
| Average Home Value | $445,568 |
Housing Distribution
Address Breakdown
Residential
3,308
Single Family
2,261
Multi-Family
1,047
Businesses
290
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Listed by: Sylvia Brown Woods • Weichert Realtors Heritage Pro
Mls Name: OneKey MLS
Mls ID: #941623