585 McLean Avenue #6DYonkersNY10705
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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 Yonkers at 585 McLean Avenue #6D, Yonkers, NY, 10705 uses $54,698 cash to close to unlock $2,685/yr annual cash flow and $224/mo monthly cash flow. Total monthly income runs $1,326/mo, and a $808/mo payment keeps the spread at $224/mo. Purchase price stands at $165,000, and rental yield measures 9.64% with $1,326/mo rent. Return on cash invested shows 24.82% in year one, and 5% annual appreciation builds toward $45,586 over five years. Five-year ROI reaches 129.81% and total cumulative return in cash records $71,003. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,326/mo property income covering a $808/mo payment rather than investor’s personal income.
Condo
Built in 1954
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 10705, Yonkers, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,950 (100%) |
| Owner Occupied HU | 3,803 (25.4%) |
| Renter Occupied HU | 10,260 (68.6%) |
| Vacant Housing Units | 887 ( 5.9%) |
| Median Home Value | $599,180 |
| Average Home Value | $596,884 |
Housing Distribution
Address Breakdown
Residential
13,944
Single Family
3,760
Multi-Family
10,184
Businesses
714
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