5 Franklin Avenue #4RWhite PlainsNY10601
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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 5 Franklin Avenue #4R, White Plains, NY, 10601 uses $116,025 cash to close to unlock $1,594/yr annual cash flow and $133/mo monthly cash flow. Total monthly income runs $2,470/mo, and a $1,713/mo payment keeps the spread at $133/mo. Purchase price stands at $350,000, and rental yield measures 8.47% with $2,470/mo rent. Return on cash invested shows 21.28% in year one, and 5% annual appreciation builds toward $96,699 over five years. Five-year ROI reaches 110.84% and total cumulative return in cash records $128,606. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,470/mo property income covering a $1,713/mo payment rather than investor’s personal income.
Condo
Built in 1950
5.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 10601, White Plains, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,169 (100%) |
| Owner Occupied HU | 1,958 (24.0%) |
| Renter Occupied HU | 4,813 (58.9%) |
| Vacant Housing Units | 1,398 (17.1%) |
| Median Home Value | $421,271 |
| Average Home Value | $595,928 |
Housing Distribution
Address Breakdown
Residential
6,104
Single Family
381
Multi-Family
5,723
Businesses
1,344
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Listed by: Kenneth V. Rabasco • Keller Williams Realty Group
Mls Name: OneKey MLS
Mls ID: #894225