16 W 16th St APT 14BSNew YorkNY10011
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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
Investment property for sale in New York at 16 W 16th St APT 14BS, New York, NY, 10011 uses $238,525 cash to close to unlock $13,921/yr annual cash flow and $1,160/mo monthly cash flow. Total monthly income runs $6,002/mo, and a $3,549/mo payment keeps the spread at $1,160/mo. Purchase price stands at $725,000, and rental yield measures 9.93% with $6,002/mo rent. Return on cash invested shows 25.9% in year one, and 5% annual appreciation builds toward $200,304 over five years. Five-year ROI reaches 135.58% and total cumulative return in cash records $323,381. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $6,002/mo property income covering a $3,549/mo payment rather than investor’s personal income.
Condo
Built in 1964
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 10011, New York, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 34,957 (100%) |
| Owner Occupied HU | 10,815 (30.9%) |
| Renter Occupied HU | 19,813 (56.7%) |
| Vacant Housing Units | 4,329 (12.4%) |
| Median Home Value | $1,184,111 |
| Average Home Value | $1,321,727 |
Housing Distribution
Address Breakdown
Residential
32,777
Single Family
554
Multi-Family
32,223
Businesses
2,828
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