1608 Amsterdam Ave APT 4BNew YorkNY10031
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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 1608 Amsterdam Ave APT 4B, New York, NY, 10031 uses $130,943 cash to close to unlock $2,083/yr annual cash flow and $174/mo monthly cash flow. Total monthly income runs $2,811/mo, and a $1,933/mo payment keeps the spread at $174/mo. Purchase price stands at $395,000, and rental yield measures 8.54% with $2,811/mo rent. Return on cash invested shows 21.5% in year one, and 5% annual appreciation builds toward $109,131 over five years. Five-year ROI reaches 112.02% and total cumulative return in cash records $146,682. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,811/mo property income covering a $1,933/mo payment rather than investor’s personal income.
Condo
Built in 1910
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 10031, New York, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,194 (100%) |
| Owner Occupied HU | 2,778 (11.5%) |
| Renter Occupied HU | 19,293 (79.7%) |
| Vacant Housing Units | 2,123 ( 8.8%) |
| Median Home Value | $722,566 |
| Average Home Value | $978,110 |
Housing Distribution
Address Breakdown
Residential
21,947
Single Family
544
Multi-Family
21,403
Businesses
746
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