30 Clinton Place #6ENew 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
Rental property for sale in New Rochelle at 30 Clinton Place #6E, New Rochelle, NY, 10801 priced at $120,000 converts $937/mo rent into $136/mo cash flow after a $587/mo obligation. Total monthly income equals $937/mo, and annual cash flow totals $1,632/yr on $39,780 invested. Return on cash invested prints 24.01% in year one, and rental yield reads 9.37% against a $120,000 entry. Equity gained on principal adds $774/yr, while 5% annual appreciation compiles into $33,154 by year five. Five-year ROI reaches 125.48% and total cumulative return in cash sums $49,915. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $937/mo property income covering a $587/mo payment, not borrower’s personal income.
Condo
Built in 1952
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: Anthony F. Marciano • Century 21 Marciano
Mls Name: OneKey MLS
Mls ID: #875242