415 Gramatan Avenue #4FMount VernonNY10552
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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 Mount Vernon at 415 Gramatan Avenue #4F, Mount Vernon, NY, 10552 priced at $120,000 converts $939/mo rent into $138/mo cash flow after a $587/mo obligation. Total monthly income equals $939/mo, and annual cash flow totals $1,656/yr on $39,780 invested. Return on cash invested prints 24.07% in year one, and rental yield reads 9.39% 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 125.81% and total cumulative return in cash sums $50,047. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $939/mo property income covering a $587/mo payment, not borrower’s personal income.
Condo
Built in 1958
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 10552, Mount Vernon, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,179 (100%) |
| Owner Occupied HU | 4,854 (52.9%) |
| Renter Occupied HU | 3,771 (41.1%) |
| Vacant Housing Units | 554 ( 6.0%) |
| Median Home Value | $576,954 |
| Average Home Value | $576,550 |
Housing Distribution
Address Breakdown
Residential
9,029
Single Family
3,518
Multi-Family
5,511
Businesses
295
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Listed by: Rosalie E. Rose • Fleetwood Realty
Mls Name: OneKey MLS
Mls ID: #946582