47 Elk AvenueNew RochelleNY10804
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayMarkets with strong demand fundamentals often produce low-yield, high-appreciation assets. 47 Elk Avenue, New Rochelle, NY, 10804 in New Rochelle fits: $1,825,000, 3.75% gross yield, and a projected 5% annual appreciation rate adding $504,214 in value within five years. Rental yield 3.75%. The narrow rent-to-debt spread is the trade-off for market growth. Ziffy Mortgage's DSCR loan (0.69) finances non-U.S. buyers without personal income documentation; optimise coverage with a 30–35% down payment. $16,808/yr in principal paydown and $504,214 in appreciation project a total return of $278,666.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 3.8% | 6.2% |
| Monthly Cash Flow | $(6,484) | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $5,703 |
| Total Monthly Debt Service | $11,461 |
| DSCR Ratio | 0.50x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1913
0.39 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 10804, New Rochelle, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,011 (100%) |
| Owner Occupied HU | 4,485 (89.5%) |
| Renter Occupied HU | 304 ( 6.1%) |
| Vacant Housing Units | 222 ( 4.4%) |
| Median Home Value | $905,613 |
| Average Home Value | $1,003,736 |
Housing Distribution
Address Breakdown
Residential
5,148
Single Family
4,550
Multi-Family
598
Businesses
232
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
Single Family
Built in 1913
0.39 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 10804, New Rochelle, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,011 (100%) |
| Owner Occupied HU | 4,485 (89.5%) |
| Renter Occupied HU | 304 ( 6.1%) |
| Vacant Housing Units | 222 ( 4.4%) |
| Median Home Value | $905,613 |
| Average Home Value | $1,003,736 |
Housing Distribution
Address Breakdown
Residential
5,148
Single Family
4,550
Multi-Family
598
Businesses
232
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: OneKey MLS
Mls ID: #941895