615 Palmer Road #102YonkersNY10701
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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 615 Palmer Road #102, Yonkers, NY, 10701 uses $39,780 cash to close to unlock $1,248/yr annual cash flow and $104/mo monthly cash flow. Total monthly income runs $905/mo, and a $587/mo payment keeps the spread at $104/mo. Purchase price stands at $120,000, and rental yield measures 9.05% with $905/mo rent. Return on cash invested shows 23.05% in year one, and 5% annual appreciation builds toward $33,154 over five years. Five-year ROI reaches 120.29% and total cumulative return in cash records $47,851. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $905/mo property income covering a $587/mo payment rather than investor’s personal income.
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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