61 W Grand Street #0-CMount VernonNY10552
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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 Mount Vernon at 61 W Grand Street #0-C, Mount Vernon, NY, 10552 offers a 9.32% rental yield on a $165,000 purchase with $1,282/mo rent. Total monthly income registers $1,282/mo, and a $808/mo payment leaves $180/mo available for distribution. Annual cash flow reaches $2,157/yr on $54,698 to close, and return on cash invested stands at 23.85% in year one. Equity gained on principal adds $1,065/yr while 5% annual appreciation supports $45,586 over five years. Portfolio math shows five-year ROI at 124.63% and total cumulative return in cash at $68,171. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,282/mo property income against a $808/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1927
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 10552, Mount Vernon, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,179 (100%) |
| Owner Occupied HU | 4,854 (52.9%) |
| Renter Occupied HU | 3,771 (41.1%) |
| Vacant Housing Units | 554 ( 6.0%) |
| Median Home Value | $576,954 |
| Average Home Value | $576,550 |
Housing Distribution
Address Breakdown
Residential
9,029
Single Family
3,518
Multi-Family
5,511
Businesses
295
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Listed by: Susan J. Sena • BHG Real Estate Choice Realty
Mls Name: OneKey MLS
Mls ID: #915333