609 Palmer Road #3MYonkersNY10701
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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 #3M, Yonkers, NY, 10701 priced at $165,000 pairs $1,244/mo rent with $142/mo cash flow after a $808/mo payment. Total monthly income equals $1,244/mo, and annual cash flow comes to $1,701/yr on $54,698 invested. Return on cash invested is 23.02% in year one, and rental yield stands at 9.05% on a $165,000 basis. Equity gained on principal adds $1,065/yr, and 5% annual appreciation accumulates to $45,586 by year five. Five-year ROI measures 120.2% and total cumulative return in cash reaches $65,747. For financing, Ziffy Mortgage’s DSCR program evaluates $1,244/mo property income against a $808/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1965
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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