16 W 16th St APT 7RNNew 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 7RN, New York, NY, 10011 offers a 10.14% rental yield on a $710,000 purchase with $6,002/mo rent. Total monthly income registers $6,002/mo, and a $3,475/mo payment leaves $1,261/mo available for distribution. Annual cash flow reaches $15,130/yr on $233,590 to close, and return on cash invested stands at 26.54% in year one. Equity gained on principal adds $4,582/yr while 5% annual appreciation supports $196,160 over five years. Portfolio math shows five-year ROI at 138.99% and total cumulative return in cash at $324,671. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $6,002/mo property income against a $3,475/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
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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