609 Palmer Road #2JYonkersNY10701
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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 Yonkers at 609 Palmer Road #2J, Yonkers, NY, 10701 generates $3,169/mo in rent and, after a $1,953/mo payment, leaves $504/mo in cash flow. Total monthly income is $3,169/mo, and annual cash flow is $6,053/yr on $132,269 invested. Return on cash invested sits at 24.49% in year one, and rental yield is 9.53% on a $399,000 entry. Equity gained on principal adds $2,575/yr, while 5% annual appreciation builds toward $110,236 over five years. Five-year ROI reaches 128.05% and total cumulative return in cash sums $169,370. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,169/mo property income rather than buyer’s personal income.
Condo
Built in 1958
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 10701, Yonkers, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 29,811 (100%) |
| Owner Occupied HU | 6,412 (21.5%) |
| Renter Occupied HU | 20,070 (67.3%) |
| Vacant Housing Units | 3,329 (11.2%) |
| Median Home Value | $553,400 |
| Average Home Value | $604,378 |
Housing Distribution
Address Breakdown
Residential
25,910
Single Family
7,211
Multi-Family
18,699
Businesses
1,561
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