2295 Palmer Avenue #1PNew 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 #1P, New Rochelle, NY, 10801 offers a 18.27% rental yield on a $180,000 purchase with $2,740/mo rent. Total monthly income registers $2,740/mo, and a $881/mo payment leaves $1,538/mo available for distribution. Annual cash flow reaches $18,456/yr on $59,670 to close, and return on cash invested stands at 50.84% in year one. Equity gained on principal adds $1,162/yr while 5% annual appreciation supports $49,731 over five years. Portfolio math shows five-year ROI at 269.33% and total cumulative return in cash at $160,709. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,740/mo property income against a $881/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
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: Wendy Satin • Coldwell Banker Realty
Mls Name: OneKey MLS
Mls Provider:
Mls ID: #810536