622 2nd StreetMamaroneckNY10543
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Mamaroneck at 622 2nd Street, Mamaroneck, NY, 10543 offers a 8.58% rental yield on a $275,000 purchase with $1,966/mo rent. Total monthly income registers $1,966/mo, and a $1,346/mo payment leaves $130/mo available for distribution. Annual cash flow reaches $1,555/yr on $91,163 to close, and return on cash invested stands at 21.61% in year one. Equity gained on principal adds $1,775/yr while 5% annual appreciation supports $75,977 over five years. Portfolio math shows five-year ROI at 112.65% and total cumulative return in cash at $102,695. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,966/mo property income against a $1,346/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1935
4,473 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 10543, Mamaroneck, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,047 (100%) |
| Owner Occupied HU | 4,555 (56.6%) |
| Renter Occupied HU | 3,084 (38.3%) |
| Vacant Housing Units | 408 ( 5.1%) |
| Median Home Value | $875,909 |
| Average Home Value | $1,046,666 |
Housing Distribution
Address Breakdown
Residential
7,458
Single Family
4,965
Multi-Family
2,493
Businesses
1,010
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: David Cebel • Iconik Residential LLC
Mls Name: OneKey MLS
Mls ID: #930091