176 E 71st St APT 3CNew YorkNY10021
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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 176 E 71st St APT 3C, New York, NY, 10021 uses $484,380 cash to close to unlock $86,915/yr annual cash flow and $7,243/mo monthly cash flow. Total monthly income runs $20,123/mo, and a $7,317/mo payment keeps the spread at $7,243/mo. Purchase price stands at $1,495,000, and rental yield measures 16.15% with $20,123/mo rent. Return on cash invested shows 38.31% in year one, and 5% annual appreciation builds toward $413,041 over five years. Five-year ROI reaches 204.69% and total cumulative return in cash records $991,477. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $20,123/mo property income covering a $7,317/mo payment rather than investor’s personal income.
Condo
Built in 1962
N/A lot
$N/A/sqft
$2,897 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 10021, New York, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 28,344 (100%) |
| Owner Occupied HU | 10,240 (36.1%) |
| Renter Occupied HU | 14,054 (49.6%) |
| Vacant Housing Units | 4,050 (14.3%) |
| Median Home Value | $1,615,914 |
| Average Home Value | $1,531,995 |
Housing Distribution
Address Breakdown
Residential
23,098
Single Family
421
Multi-Family
22,677
Businesses
1,644
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