60 Locust Avenue #A207New RochelleNY10801
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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 New Rochelle at 60 Locust Avenue #A207, New Rochelle, NY, 10801 offers a 9.39% rental yield on a $195,000 purchase with $1,526/mo rent. Total monthly income registers $1,526/mo, and a $954/mo payment leaves $224/mo available for distribution. Annual cash flow reaches $2,691/yr on $64,643 to close, and return on cash invested stands at 24.07% in year one. Equity gained on principal adds $1,258/yr while 5% annual appreciation supports $53,875 over five years. Portfolio math shows five-year ROI at 125.86% and total cumulative return in cash at $81,358. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,526/mo property income against a $954/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1960
N/A 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
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Listed by: Robert Weiss • Howard Hanna Rand Realty
Mls Name: OneKey MLS
Mls ID: #927937