109 Seaman Ave #1BNew YorkNY10034
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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 New York at 109 Seaman Ave #1B, New York, NY, 10034 offers $2,860/mo rent that, after a $2,276/mo payment. Total monthly income is $2,860/mo. Return on cash invested measures 9.8% in year one, and rental yield stands at 7.38% at a $465,000 entry. Equity gained on principal adds $3,001/yr while 5% annual appreciation compounds into $128,471 by year five. Five-year ROI records 52.26% and total cumulative return in cash reaches $80,555. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,860/mo property income versus a $2,276/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 1918
N/A lot
$N/A/sqft
$1,053 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 10034, New York, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,224 (100%) |
| Owner Occupied HU | 1,656 (10.2%) |
| Renter Occupied HU | 13,812 (85.1%) |
| Vacant Housing Units | 756 ( 4.7%) |
| Median Home Value | $542,449 |
| Average Home Value | $580,064 |
Housing Distribution
Address Breakdown
Residential
15,595
Single Family
179
Multi-Family
15,416
Businesses
770
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