418 Third AvenuePelhamNY10803
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Pelham at 418 Third Avenue, Pelham, NY, 10803 priced at $1,449,000 converts $6,240/mo rent into after a $7,092/mo obligation. Total monthly income equals $6,240/mo. Return on cash invested prints 11.59% in year one, and rental yield reads 5.17% against a $1,449,000 entry. Equity gained on principal adds $9,350/yr, while 5% annual appreciation compiles into $400,332 by year five. Five-year ROI reaches 58.77% and total cumulative return in cash sums $275,899. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $6,240/mo property income covering a $7,092/mo payment, not borrower’s personal income.
Single Family
Built in 1936
8,819 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 10803, Pelham, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,860 (100%) |
| Owner Occupied HU | 3,540 (72.8%) |
| Renter Occupied HU | 1,095 (22.5%) |
| Vacant Housing Units | 225 ( 4.6%) |
| Median Home Value | $962,888 |
| Average Home Value | $1,085,739 |
Housing Distribution
Address Breakdown
Residential
4,392
Single Family
3,419
Multi-Family
973
Businesses
509
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices