632 Palmer Road #10BYonkersNY10701
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 Yonkers at 632 Palmer Road #10B, Yonkers, NY, 10701 uses $89,174 cash to close to unlock $16,467/yr annual cash flow and $1,372/mo monthly cash flow. Total monthly income runs $3,169/mo, and a $1,317/mo payment keeps the spread at $1,372/mo. Purchase price stands at $269,000, and rental yield measures 14.14% with $3,169/mo rent. Return on cash invested shows 38.38% in year one, and 5% annual appreciation builds toward $74,320 over five years. Five-year ROI reaches 202.57% and total cumulative return in cash records $180,635. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,169/mo property income covering a $1,317/mo payment rather than investor’s personal income.
Condo
Built in 1975
6.86 Acres 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices