24 Wappanocca Avenue #IRyeNY10580
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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
Rental property for sale in Rye at 24 Wappanocca Avenue #I, Rye, NY, 10580 priced at $190,000 pairs $1,512/mo rent with $243/mo cash flow after a $930/mo payment. Total monthly income equals $1,512/mo, and annual cash flow comes to $2,918/yr on $62,985 invested. Return on cash invested is 24.54% in year one, and rental yield stands at 9.55% on a $190,000 basis. Equity gained on principal adds $1,226/yr, and 5% annual appreciation accumulates to $52,494 by year five. Five-year ROI measures 128.39% and total cumulative return in cash reaches $80,868. For financing, Ziffy Mortgage’s DSCR program evaluates $1,512/mo property income against a $930/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1952
0.43 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 10580, Rye, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,035 (100%) |
| Owner Occupied HU | 4,664 (66.3%) |
| Renter Occupied HU | 1,856 (26.4%) |
| Vacant Housing Units | 515 ( 7.3%) |
| Median Home Value | $1,758,545 |
| Average Home Value | $1,599,226 |
Housing Distribution
Address Breakdown
Residential
6,460
Single Family
5,196
Multi-Family
1,264
Businesses
633
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