505 E Lincoln Avenue #E-214Mount VernonNY10552
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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 Mount Vernon at 505 E Lincoln Avenue #E-214, Mount Vernon, NY, 10552 uses $36,465 cash to close to unlock $25,798/yr annual cash flow and $2,150/mo monthly cash flow. Total monthly income runs $2,884/mo, and a $538/mo payment keeps the spread at $2,150/mo. Purchase price stands at $110,000, and rental yield measures 31.46% with $2,884/mo rent. Return on cash invested shows 90.66% in year one, and 5% annual appreciation builds toward $30,391 over five years. Five-year ROI reaches 482.86% and total cumulative return in cash records $176,076. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,884/mo property income covering a $538/mo payment rather than investor’s personal income.
Condo
Built in 1951
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 10552, Mount Vernon, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,179 (100%) |
| Owner Occupied HU | 4,854 (52.9%) |
| Renter Occupied HU | 3,771 (41.1%) |
| Vacant Housing Units | 554 ( 6.0%) |
| Median Home Value | $576,954 |
| Average Home Value | $576,550 |
Housing Distribution
Address Breakdown
Residential
9,029
Single Family
3,518
Multi-Family
5,511
Businesses
295
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Listed by: Bryant Wilder • Link NY Realty
Mls Name: OneKey MLS
Mls ID: #911865