855 Palisade #2EYonkersNY10703
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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
Rental property for sale in Yonkers at 855 Palisade #2E, Yonkers, NY, 10703 generates $1,343/mo in rent and, after a $857/mo payment, leaves $174/mo in cash flow. Total monthly income is $1,343/mo, and annual cash flow is $2,087/yr on $58,013 invested. Return on cash invested sits at 23.51% in year one, and rental yield is 9.21% on a $175,000 entry. Equity gained on principal adds $1,129/yr, while 5% annual appreciation builds toward $48,349 over five years. Five-year ROI reaches 122.78% and total cumulative return in cash sums $71,227. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,343/mo property income rather than buyer’s personal income.
Condo
Built in 1956
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 10703, Yonkers, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,170 (100%) |
| Owner Occupied HU | 4,103 (44.7%) |
| Renter Occupied HU | 4,455 (48.6%) |
| Vacant Housing Units | 612 ( 6.7%) |
| Median Home Value | $516,371 |
| Average Home Value | $521,818 |
Housing Distribution
Address Breakdown
Residential
7,421
Single Family
3,928
Multi-Family
3,493
Businesses
440
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