53 Belmont AveNew RochelleNY10801
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
Rental property for sale in New Rochelle at 53 Belmont Ave, New Rochelle, NY, 10801 generates $5,220/mo in rent and, after a $3,588/mo payment, leaves $325/mo in cash flow. Total monthly income is $5,220/mo, and annual cash flow is $3,896/yr on $241,190 invested. Return on cash invested sits at 21.68% in year one, and rental yield is 8.54% on a $733,100 entry. Equity gained on principal adds $4,731/yr, while 5% annual appreciation builds toward $202,542 over five years. Five-year ROI reaches 112.93% and total cumulative return in cash sums $272,380. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $5,220/mo property income rather than buyer’s personal income.
Single Family
Built in 1955
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 10801, New Rochelle, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,646 (100%) |
| Owner Occupied HU | 5,750 (30.8%) |
| Renter Occupied HU | 10,296 (55.2%) |
| Vacant Housing Units | 2,600 (13.9%) |
| Median Home Value | $624,380 |
| Average Home Value | $640,140 |
Housing Distribution
Address Breakdown
Residential
16,417
Single Family
7,314
Multi-Family
9,103
Businesses
1,570
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: Douglas Elliman
Mls Provider:
Mls ID: #842114