115 Payson Ave APT 5ENew YorkNY10034
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 115 Payson Ave APT 5E, New York, NY, 10034 generates $1,708/mo in rent and, after a $1,209/mo payment, leaves $59/mo in cash flow. Total monthly income is $1,708/mo, and annual cash flow is $702/yr on $81,881 invested. Return on cash invested sits at 20.77% in year one, and rental yield is 8.3% on a $247,000 entry. Equity gained on principal adds $1,594/yr, while 5% annual appreciation builds toward $68,242 over five years. Five-year ROI reaches 108.12% and total cumulative return in cash sums $88,528. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,708/mo property income rather than buyer’s personal income.
Condo
Built in 1937
N/A lot
$N/A/sqft
No 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices