175 E 62nd St, New York, NY, 10065 | 3.91% Rental Yield

For Sale

Currently Rented

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in New York at 175 E 62nd St, New York, NY, 10065 generates $6,500/mo in rent, after a $9,765/mo payment. Total monthly income is $6,500/mo. Return on cash invested sits at 7.7% in year one, and rental yield is 3.91% on a $1,995,000 entry. Equity gained on principal adds $12,873/yr, while 5% annual appreciation builds toward $551,182 over five years. Five-year ROI reaches 37.95% and total cumulative return in cash sums $245,301. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $6,500/mo property income rather than buyer’s personal income.

Condo

Built in 1963

N/A lot

$N/A/sqft

No HOA