54 Lawrence Drive #DWhite PlainsNY10603
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 White Plains at 54 Lawrence Drive #D, White Plains, NY, 10603 offers a 8.17% rental yield on a $379,999 purchase with $2,587/mo rent. Total monthly income registers $2,587/mo, and a $1,860/mo payment leaves $49/mo available for distribution. Annual cash flow reaches $592/yr on $125,970 to close, and return on cash invested stands at 20.38% in year one. Equity gained on principal adds $2,452/yr while 5% annual appreciation supports $104,987 over five years. Portfolio math shows five-year ROI at 106.03% and total cumulative return in cash at $133,560. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,587/mo property income against a $1,860/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1952
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 10603, White Plains, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,480 (100%) |
| Owner Occupied HU | 4,464 (59.7%) |
| Renter Occupied HU | 2,663 (35.6%) |
| Vacant Housing Units | 353 ( 4.7%) |
| Median Home Value | $608,558 |
| Average Home Value | $611,183 |
Housing Distribution
Address Breakdown
Residential
7,140
Single Family
3,875
Multi-Family
3,265
Businesses
540
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Noemi Pena • Keller Williams Realty Group
Mls Name: OneKey MLS
Mls ID: #933838