578 E 3rd Street EMount VernonNY10553
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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
Rental property for sale in Mount Vernon at 578 E 3rd Street E, Mount Vernon, NY, 10553 priced at $569,900 converts $3,720/mo rent into after a $2,789/mo obligation. Total monthly income equals $3,720/mo. Return on cash invested prints 19.51% in year one, and rental yield reads 7.83% against a $569,900 entry. Equity gained on principal adds $3,677/yr, while 5% annual appreciation compiles into $157,453 by year five. Five-year ROI reaches 101.34% and total cumulative return in cash sums $190,002. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,720/mo property income covering a $2,789/mo payment, not borrower’s personal income.
Multi Family
Built in 1925
3,920 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 10553, Mount Vernon, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,912 (100%) |
| Owner Occupied HU | 2,118 (43.1%) |
| Renter Occupied HU | 2,384 (48.5%) |
| Vacant Housing Units | 410 ( 8.3%) |
| Median Home Value | $438,788 |
| Average Home Value | $445,568 |
Housing Distribution
Address Breakdown
Residential
3,308
Single Family
2,261
Multi-Family
1,047
Businesses
290
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Nearby investment properties with comparable prices
Listed by: Dorothy Botsoe • Dorothy Jensen Realty, Inc.
Mls Name: OneKey MLS
Mls Provider:
Mls ID: #H6333526
Disclaimer: The data relating to real estate for sale or lease on this web site comes in part from OneKey MLS. Real estate listings held by brokerage firms other than Zillow, Inc are marked with the OneKey MLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2025 OneKey MLS. All rights reserved.