450 Pelham Road #3BNew RochelleNY10805
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
Investment property for sale in New Rochelle at 450 Pelham Road #3B, New Rochelle, NY, 10805 uses $157,462 cash to close to unlock $2,975/yr annual cash flow and $248/mo monthly cash flow. Total monthly income runs $3,420/mo, and a $2,325/mo payment keeps the spread at $248/mo. Purchase price stands at $474,999, and rental yield measures 8.64% with $3,420/mo rent. Return on cash invested shows 21.8% in year one, and 5% annual appreciation builds toward $131,233 over five years. Five-year ROI reaches 113.62% and total cumulative return in cash records $178,902. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,420/mo property income covering a $2,325/mo payment rather than investor’s personal income.
Condo
Built in 1949
0.60 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 10805, New Rochelle, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,836 (100%) |
| Owner Occupied HU | 2,805 (35.8%) |
| Renter Occupied HU | 4,434 (56.6%) |
| Vacant Housing Units | 597 ( 7.6%) |
| Median Home Value | $651,989 |
| Average Home Value | $785,291 |
Housing Distribution
Address Breakdown
Residential
7,613
Single Family
2,313
Multi-Family
5,300
Businesses
177
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jeannette Zapata • Home Sweet Home Realty & Devl.
Mls Name: OneKey MLS
Mls ID: #947991