70 Locust Avenue #B101New RochelleNY10801
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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 New Rochelle at 70 Locust Avenue #B101, New Rochelle, NY, 10801 earns $253/mo cash flow from $1,555/mo rent with a $954/mo payment. Total monthly income totals $1,555/mo, and annual cash flow totals $3,039/yr on $64,643 capital. ROI tracks 24.61% on current figures, and rental yield reads 9.57% at a $195,000 purchase. Equity gained on principal adds $1,258/yr, and 5% annual appreciation supports $53,875 over five years. Five-year ROI reaches 128.74% and total cumulative return in cash sums $83,218. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,555/mo property income instead of your personal income.
Condo
Built in 1955
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 10801, New Rochelle, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,646 (100%) |
| Owner Occupied HU | 5,750 (30.8%) |
| Renter Occupied HU | 10,296 (55.2%) |
| Vacant Housing Units | 2,600 (13.9%) |
| Median Home Value | $624,380 |
| Average Home Value | $640,140 |
Housing Distribution
Address Breakdown
Residential
16,417
Single Family
7,314
Multi-Family
9,103
Businesses
1,570
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Listed by: Nelly Lopez • William Raveis Real Estate
Mls Name: OneKey MLS
Mls ID: #933457