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Financials

According to our projections, if you invest $107k in Parkchester now, collect rent for ten years, and then sell, you can expect to end up with a total of $670k in your bank account. The initial investment would amount to a total of $563k in net profits on a $107k investment over 10 years, for an average return on investment of 52.6% per year.

Here's How

10 Year Balance

$107k Initial Investment + $177k Dividends + $386k Capital Gains = $670k Final Balance

Profits

$670k Final Balance – $107k Initial Investment = $563k Profits

Yearly ROI

$563k Profits / ($107k Initial Investment * 10) = 52.6% Yearly ROI

Cost of Acquistion

Here's what you can anticipate from the purchase of a typical Parkchester 1 bedroom apartment. Click here to use this interactive sheet to explore other variables such as  2-bedroom apartments, cash purchases (without mortgage), total numbers for package purchases and more.

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Dividends

Your net dividends may start in the range of 6.51% per year. However, the standardized government-mandated rent has historically grown at a significantly higher yearly rate than the condo fees and other carrying costs. As a result, your margins are projected to widen every year, and may be as high as 28.85% by the investment's 10th year.

Historic and Projected
Gross Rent (green) v HOA fees (blue)

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Capital Gains

Over the last decade, Parkchester prices have gone up 8.5% organically, as a result of merely being a safer, cleaner and nicer than average neighborhood on the outskirts of New York City. We project a similar trajectory for the next ten years, and only allow for a very conservative 3% in additional growth on account of the MetroNorth station’s arrival.

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Projections for your investment's cash position over time

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Total Profit Calculations
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Your net dividends with the standardized government-mandated rent has historically grown at a significantly higher yearly rate than the condo fees and other carrying costs. As a result, your margins are projected to widen every year, as high as 27.17% (average per year) by the investment’s 10th year.

 

Over the last decade, Parkchester prices have gone up 8.5% organically, as a result of merely being a safer, cleaner and nicer neighborhood on the outskirts of New York City.

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