1 Gracie Ter APT 6KNew YorkNY10028
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 New York at 1 Gracie Ter APT 6K, New York, NY, 10028 priced at $575,000 pairs $4,481/mo rent with $642/mo cash flow after a $2,814/mo payment. Total monthly income equals $4,481/mo, and annual cash flow comes to $7,699/yr on $189,175 invested. Return on cash invested is 24.13% in year one, and rental yield stands at 9.35% on a $575,000 basis. Equity gained on principal adds $3,710/yr, and 5% annual appreciation accumulates to $158,862 by year five. Five-year ROI measures 126.09% and total cumulative return in cash reaches $238,535. For financing, Ziffy Mortgage’s DSCR program evaluates $4,481/mo property income against a $2,814/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1953
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 10028, New York, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 32,095 (100%) |
| Owner Occupied HU | 9,665 (30.1%) |
| Renter Occupied HU | 18,906 (58.9%) |
| Vacant Housing Units | 3,524 (11.0%) |
| Median Home Value | $1,425,000 |
| Average Home Value | $1,438,888 |
Housing Distribution
Address Breakdown
Residential
24,985
Single Family
285
Multi-Family
24,700
Businesses
1,338
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices