114 Morningside Dr APT 45New YorkNY10027
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 114 Morningside Dr APT 45, New York, NY, 10027 generates $5,256/mo in rent and, after a $3,059/mo payment, leaves $1,082/mo in cash flow. Total monthly income is $5,256/mo, and annual cash flow is $12,989/yr on $205,625 invested. Return on cash invested sits at 26.38% in year one, and rental yield is 10.09% on a $625,000 entry. Equity gained on principal adds $4,033/yr, while 5% annual appreciation builds toward $172,676 over five years. Five-year ROI reaches 138.14% and total cumulative return in cash sums $284,053. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $5,256/mo property income rather than buyer’s personal income.
Condo
Built in 1910
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 10027, New York, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 28,400 (100%) |
| Owner Occupied HU | 3,911 (13.8%) |
| Renter Occupied HU | 22,251 (78.3%) |
| Vacant Housing Units | 2,238 ( 7.9%) |
| Median Home Value | $811,564 |
| Average Home Value | $1,055,089 |
Housing Distribution
Address Breakdown
Residential
25,725
Single Family
655
Multi-Family
25,070
Businesses
1,262
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices