703 Pelham Road #407New RochelleNY10805
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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 703 Pelham Road #407, New Rochelle, NY, 10805 listed at $329,000 pairs $2,636/mo rent with a $1,610/mo payment to leave $439/mo cash flow. Total monthly income runs $2,636/mo, and annual cash flow reaches $5,271/yr on $109,064 cash to close. Return on cash invested measures 24.74% in year one, and rental yield registers 9.61% at a $329,000 basis. Equity gained on principal adds $2,123/yr, and annual property appreciation at 5% supports $90,897 by year five. Five-year ROI tracks 129.43% and total cumulative return in cash totals $141,165. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,636/mo property income relative to a $1,610/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1990
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 10805, New Rochelle, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,836 (100%) |
| Owner Occupied HU | 2,805 (35.8%) |
| Renter Occupied HU | 4,434 (56.6%) |
| Vacant Housing Units | 597 ( 7.6%) |
| Median Home Value | $651,989 |
| Average Home Value | $785,291 |
Housing Distribution
Address Breakdown
Residential
7,613
Single Family
2,313
Multi-Family
5,300
Businesses
177
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Listed by: Maurice Owen-Michaane • Capital Realty NY LLC
Mls Name: OneKey MLS
Mls ID: #935966