55 1st Street #207PelhamNY10803
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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 Pelham at 55 1st Street #207, Pelham, NY, 10803 uses $248,395 cash to close to unlock $15,103/yr annual cash flow and $1,259/mo monthly cash flow. Total monthly income runs $6,300/mo, and a $3,695/mo payment keeps the spread at $1,259/mo. Purchase price stands at $755,000, and rental yield measures 10.01% with $6,300/mo rent. Return on cash invested shows 26.14% in year one, and 5% annual appreciation builds toward $208,593 over five years. Five-year ROI reaches 136.87% and total cumulative return in cash records $339,975. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $6,300/mo property income covering a $3,695/mo payment rather than investor’s personal income.
Condo
Built in 2005
436 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 10803, Pelham, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,860 (100%) |
| Owner Occupied HU | 3,540 (72.8%) |
| Renter Occupied HU | 1,095 (22.5%) |
| Vacant Housing Units | 225 ( 4.6%) |
| Median Home Value | $962,888 |
| Average Home Value | $1,085,739 |
Housing Distribution
Address Breakdown
Residential
4,392
Single Family
3,419
Multi-Family
973
Businesses
509
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