123 W 74th St APT 6DManhattanNY10023
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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 Manhattan at 123 W 74th St APT 6D, Manhattan, NY, 10023 generates $5,864/mo in rent, after a $8,786/mo payment. Total monthly income is $5,864/mo. Return on cash invested sits at 7.74% in year one, and rental yield is 3.92% on a $1,795,000 entry. Equity gained on principal adds $11,583/yr, while 5% annual appreciation builds toward $495,925 over five years. Five-year ROI reaches 38.12% and total cumulative return in cash sums $221,689. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $5,864/mo property income rather than buyer’s personal income.
Condo
Built in 1925
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 10023, New York, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 44,765 (100%) |
| Owner Occupied HU | 13,628 (30.4%) |
| Renter Occupied HU | 23,478 (52.4%) |
| Vacant Housing Units | 7,659 (17.1%) |
| Median Home Value | $1,614,455 |
| Average Home Value | $1,528,815 |
Housing Distribution
Address Breakdown
Residential
39,952
Single Family
230
Multi-Family
39,722
Businesses
1,615
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