112 W 56th St APT 20NNew YorkNY10019
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 112 W 56th St APT 20N, New York, NY, 10019 generates $16,589/mo in rent and, after a $8,247/mo payment, leaves $2,922/mo in cash flow. Total monthly income is $16,589/mo, and annual cash flow is $35,065/yr on $545,940 invested. Return on cash invested sits at 26.79% in year one, and rental yield is 11.81% on a $1,685,000 entry. Equity gained on principal adds $10,873/yr, while 5% annual appreciation builds toward $465,534 over five years. Five-year ROI reaches 142.24% and total cumulative return in cash sums $776,570. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $16,589/mo property income rather than buyer’s personal income.
Condo
Built in 1982
N/A lot
$N/A/sqft
$2,415 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 10019, New York, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 35,231 (100%) |
| Owner Occupied HU | 4,717 (13.4%) |
| Renter Occupied HU | 24,438 (69.4%) |
| Vacant Housing Units | 6,076 (17.2%) |
| Median Home Value | $962,650 |
| Average Home Value | $1,201,466 |
Housing Distribution
Address Breakdown
Residential
31,630
Single Family
93
Multi-Family
31,537
Businesses
3,077
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices