240 Alpine Place #2BTuckahoeNY10707
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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 Tuckahoe at 240 Alpine Place #2B, Tuckahoe, NY, 10707 offers a 8.15% rental yield on a $225,000 purchase with $1,528/mo rent. Total monthly income registers $1,528/mo, and a $1,101/mo payment leaves $26/mo available for distribution. Annual cash flow reaches $309/yr on $74,588 to close, and return on cash invested stands at 20.32% in year one. Equity gained on principal adds $1,452/yr while 5% annual appreciation supports $62,163 over five years. Portfolio math shows five-year ROI at 105.7% and total cumulative return in cash at $78,837. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,528/mo property income against a $1,101/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1930
7,841 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 10707, Tuckahoe, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,682 (100%) |
| Owner Occupied HU | 2,483 (53.0%) |
| Renter Occupied HU | 1,850 (39.5%) |
| Vacant Housing Units | 349 ( 7.5%) |
| Median Home Value | $798,592 |
| Average Home Value | $795,943 |
Housing Distribution
Address Breakdown
Residential
4,202
Single Family
2,471
Multi-Family
1,731
Businesses
354
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