2333 Palmer Avenue #2GNew 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 2333 Palmer Avenue #2G, New Rochelle, NY, 10801 earns $1,760/mo cash flow from $3,864/mo rent with a $1,542/mo payment. Total monthly income totals $3,864/mo, and annual cash flow totals $21,123/yr on $104,423 capital. ROI tracks 40.14% on current figures, and rental yield reads 14.72% at a $315,000 purchase. Equity gained on principal adds $2,033/yr, and 5% annual appreciation supports $87,029 over five years. Five-year ROI reaches 211.98% and total cumulative return in cash sums $221,357. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,864/mo property income instead of your personal income.
Condo
Built in 1963
0.99 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: Mikka Ferrer • Coldwell Banker Realty
Mls Name: OneKey MLS
Mls ID: #919810