2261 Palmer Avenue #3CNew 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 #3C, New Rochelle, NY, 10801 earns $39/mo cash flow from $2,176/mo rent with a $1,566/mo payment. Total monthly income totals $2,176/mo, and annual cash flow totals $472/yr on $106,080 capital. ROI tracks 20.35% on current figures, and rental yield reads 8.16% at a $320,000 purchase. Equity gained on principal adds $2,065/yr, and 5% annual appreciation supports $88,410 over five years. Five-year ROI reaches 105.9% and total cumulative return in cash sums $112,335. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,176/mo property income instead of your personal income.
Condo
Built in 1965
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: Kenneth Fuentes • Keller Williams Realty NYC Grp
Mls Name: OneKey MLS
Mls ID: #932667