16 W 74th St #1/2New YorkNY10023
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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 74th St #1/2, New York, NY, 10023 offers $8,336/mo rent that, after a $9,350/mo payment. Total monthly income is $8,336/mo. Return on cash invested measures 6.2% in year one, and rental yield stands at 5.24% at a $1,910,400 entry. Equity gained on principal adds $12,328/yr while 5% annual appreciation compounds into $527,808 by year five. Five-year ROI records 31.91% and total cumulative return in cash reaches $197,512. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $8,336/mo property income versus a $9,350/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 1900
N/A lot
$N/A/sqft
$2,889 monthly 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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