1485 5th Ave APT 23ANew YorkNY10035
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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 1485 5th Ave APT 23A, New York, NY, 10035 generates $3,646/mo in rent, after a $5,262/mo payment. Total monthly income is $3,646/mo. Return on cash invested sits at 8.2% in year one, and rental yield is 4.07% on a $1,075,000 entry. Equity gained on principal adds $6,937/yr, while 5% annual appreciation builds toward $297,003 over five years. Five-year ROI reaches 40.59% and total cumulative return in cash sums $141,390. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,646/mo property income rather than buyer’s personal income.
Condo
Built in 2007
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 10035, New York, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,688 (100%) |
| Owner Occupied HU | 1,564 ( 9.4%) |
| Renter Occupied HU | 13,744 (82.4%) |
| Vacant Housing Units | 1,380 ( 8.3%) |
| Median Home Value | $718,233 |
| Average Home Value | $917,413 |
Housing Distribution
Address Breakdown
Residential
15,564
Single Family
549
Multi-Family
15,015
Businesses
882
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