2295 Palmer Avenue #1-NNew 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 2295 Palmer Avenue #1-N, New Rochelle, NY, 10801 listed at $189,000 pairs $1,462/mo rent with a $925/mo payment to leave $200/mo cash flow. Total monthly income runs $1,462/mo, and annual cash flow reaches $2,399/yr on $62,654 cash to close. Return on cash invested measures 23.74% in year one, and rental yield registers 9.28% at a $189,000 basis. Equity gained on principal adds $1,220/yr, and annual property appreciation at 5% supports $52,217 by year five. Five-year ROI tracks 124.01% and total cumulative return in cash totals $77,698. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,462/mo property income relative to a $925/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1945
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: Linda Jacobsen • World Homes Realty
Mls Name: OneKey MLS
Mls ID: #857554