16 W 40th St APT 24DNew YorkNY10018
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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 16 W 40th St APT 24D, New York, NY, 10018 generates $8,069/mo in rent, after a $9,275/mo payment. Total monthly income is $8,069/mo. Return on cash invested sits at 7.02% in year one, and rental yield is 5.11% on a $1,895,000 entry. Equity gained on principal adds $12,228/yr, while 5% annual appreciation builds toward $523,554 over five years. Five-year ROI reaches 35.85% and total cumulative return in cash sums $220,121. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $8,069/mo property income rather than buyer’s personal income.
Condo
Built in 2017
N/A lot
$N/A/sqft
$2,247 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 10018, New York, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,545 (100%) |
| Owner Occupied HU | 654 ( 7.7%) |
| Renter Occupied HU | 6,006 (70.3%) |
| Vacant Housing Units | 1,885 (22.1%) |
| Median Home Value | $976,266 |
| Average Home Value | $1,244,179 |
Housing Distribution
Address Breakdown
Residential
7,591
Single Family
29
Multi-Family
7,562
Businesses
6,062
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