2261 Palmer Avenue #2ANew 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
Investment property for sale in New Rochelle at 2261 Palmer Avenue #2A, New Rochelle, NY, 10801 uses $74,588 cash to close to unlock $669/yr annual cash flow and $56/mo monthly cash flow. Total monthly income runs $1,558/mo, and a $1,101/mo payment keeps the spread at $56/mo. Purchase price stands at $225,000, and rental yield measures 8.31% with $1,558/mo rent. Return on cash invested shows 20.81% in year one, and 5% annual appreciation builds toward $62,163 over five years. Five-year ROI reaches 108.3% and total cumulative return in cash records $80,781. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,558/mo property income covering a $1,101/mo payment rather than investor’s personal income.
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: Michelle Drenga • Weichert Realtor Future Vision
Mls Name: OneKey MLS
Mls ID: #885823