507 S 6th AvenueMount VernonNY10550
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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 507 S 6th Avenue, Mount Vernon, NY, 10550 offers a 9.15% rental yield on a $424,900 purchase with $3,239/mo rent. Total monthly income registers $3,239/mo, and a $2,080/mo payment leaves $401/mo available for distribution. Annual cash flow reaches $4,815/yr on $140,854 to close, and return on cash invested stands at 23.33% in year one. Equity gained on principal adds $2,742/yr while 5% annual appreciation supports $117,392 over five years. Portfolio math shows five-year ROI at 121.83% and total cumulative return in cash at $171,609. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,239/mo property income against a $2,080/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Multi Family
Built in 1896
3,920 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 10550, Mount Vernon, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,298 (100%) |
| Owner Occupied HU | 3,520 (21.6%) |
| Renter Occupied HU | 11,383 (69.8%) |
| Vacant Housing Units | 1,395 ( 8.6%) |
| Median Home Value | $539,898 |
| Average Home Value | $571,941 |
Housing Distribution
Address Breakdown
Residential
13,499
Single Family
5,493
Multi-Family
8,006
Businesses
1,575
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Listed by: Joseph Kuhl • River Realty Services, Inc.
Mls Name: OneKey MLS
Mls Provider:
Mls ID: #885262
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