505 E Lincoln Avenue #E302Mount VernonNY10552
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 Mount Vernon at 505 E Lincoln Avenue #E302, Mount Vernon, NY, 10552 earns $1,782/mo cash flow from $2,884/mo rent with a $808/mo payment. Total monthly income totals $2,884/mo, and annual cash flow totals $21,381/yr on $54,698 capital. ROI tracks 59% on current figures, and rental yield reads 20.97% at a $165,000 purchase. Equity gained on principal adds $1,065/yr, and 5% annual appreciation supports $45,586 over five years. Five-year ROI reaches 313.11% and total cumulative return in cash sums $171,263. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,884/mo property income instead of your personal income.
Condo
Built in 1951
2.36 Acres 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Adrianna Dos Reis • Private Homes Realty LLC
Mls Name: OneKey MLS
Mls ID: #862689