2241 Palmer Avenue #1NNew RochelleNY10801
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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 New Rochelle at 2241 Palmer Avenue #1N, New Rochelle, NY, 10801 offers $2,386/mo rent that, after a $587/mo payment, leaves $1,585/mo cash flow. Total monthly income is $2,386/mo, and annual cash flow is $19,020/yr on $39,780 cash. Return on cash invested measures 67.72% in year one, and rental yield stands at 23.86% at a $120,000 entry. Equity gained on principal adds $774/yr while 5% annual appreciation compounds into $33,154 by year five. Five-year ROI records 359.87% and total cumulative return in cash reaches $143,155. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,386/mo property income versus a $587/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 1968
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 10801, New Rochelle, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,646 (100%) |
| Owner Occupied HU | 5,750 (30.8%) |
| Renter Occupied HU | 10,296 (55.2%) |
| Vacant Housing Units | 2,600 (13.9%) |
| Median Home Value | $624,380 |
| Average Home Value | $640,140 |
Housing Distribution
Address Breakdown
Residential
16,417
Single Family
7,314
Multi-Family
9,103
Businesses
1,570
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Listed by: Amy Marino • Westchester Realty Consultants
Mls Name: OneKey MLS
Mls Provider:
Mls ID: #899378