609 Palmer Road #4CYonkersNY10701
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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 609 Palmer Road #4C, Yonkers, NY, 10701 uses $55,361 cash to close to unlock $2,654/yr annual cash flow and $221/mo monthly cash flow. Total monthly income runs $1,336/mo, and a $817/mo payment keeps the spread at $221/mo. Purchase price stands at $167,000, and rental yield measures 9.6% with $1,336/mo rent. Return on cash invested shows 24.7% in year one, and 5% annual appreciation builds toward $46,139 over five years. Five-year ROI reaches 129.26% and total cumulative return in cash records $71,559. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,336/mo property income covering a $817/mo payment rather than investor’s personal income.
Condo
Built in 1959
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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