47 Lawrence Drive #CWhite PlainsNY10603
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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
Investment property for sale in White Plains at 47 Lawrence Drive #C, White Plains, NY, 10603 with 5% annual appreciation on a $370,000 basis while $2,584/mo rent supports operations. Total monthly income totals $2,584/mo and a $1,811/mo payment preserves $113/mo for cash returns. Annual cash flow comes to $1,358/yr on $122,655 deployed, and return on cash invested reaches 21.02% in year one. Equity gained on principal adds $2,388/yr, and five-year appreciation sums $102,224 alongside rental yield of 8.38%. Five-year ROI measures 109.44% and total cumulative return in cash totals $134,237.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,584/mo property income versus a $1,811/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in 1952
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 10603, White Plains, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,480 (100%) |
| Owner Occupied HU | 4,464 (59.7%) |
| Renter Occupied HU | 2,663 (35.6%) |
| Vacant Housing Units | 353 ( 4.7%) |
| Median Home Value | $608,558 |
| Average Home Value | $611,183 |
Housing Distribution
Address Breakdown
Residential
7,140
Single Family
3,875
Multi-Family
3,265
Businesses
540
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Listed by: Kristin H. Poellot • Keller Williams Prestige Prop
Mls Name: OneKey MLS
Mls ID: #948053