2241 Palmer Avenue #2PNew 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 #2P, New Rochelle, NY, 10801 generates $1,604/mo in rent and, after a $1,126/mo payment, leaves $68/mo in cash flow. Total monthly income is $1,604/mo, and annual cash flow is $814/yr on $76,245 invested. Return on cash invested sits at 20.98% in year one, and rental yield is 8.37% on a $230,000 entry. Equity gained on principal adds $1,484/yr, while 5% annual appreciation builds toward $63,545 over five years. Five-year ROI reaches 109.2% and total cumulative return in cash sums $83,263. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,604/mo property income rather than buyer’s personal income.
Condo
Built in 1965
2.92 Acres 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: Eleanor S. Fein • Weichert Realtors
Mls Name: OneKey MLS
Mls ID: #944199