70 Locust Avenue #B114New 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 #B114, New Rochelle, NY, 10801 uses $59,637 cash to close to unlock $1,982/yr annual cash flow and $165/mo monthly cash flow. Total monthly income runs $1,367/mo, and a $881/mo payment keeps the spread at $165/mo. Purchase price stands at $179,900, and rental yield measures 9.12% with $1,367/mo rent. Return on cash invested shows 23.23% in year one, and 5% annual appreciation builds toward $49,703 over five years. Five-year ROI reaches 121.39% and total cumulative return in cash records $72,393. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,367/mo property income covering a $881/mo payment rather than investor’s 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: Irene G. DaSilva • Irene G. DaSilva Real Estate
Mls Name: OneKey MLS
Mls ID: #957530