18 Morningside Ave APT 2New YorkNY10026
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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 18 Morningside Ave APT 2, New York, NY, 10026 offers $12,485/mo rent that, after a $7,709/mo payment, leaves $506/mo cash flow. Total monthly income is $12,485/mo, and annual cash flow is $6,075/yr on $510,300 cash. Return on cash invested measures 21.56% in year one, and rental yield stands at 9.51% at a $1,575,000 entry. Equity gained on principal adds $10,163/yr while 5% annual appreciation compounds into $435,143 by year five. Five-year ROI records 113.5% and total cumulative return in cash reaches $579,206. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $12,485/mo property income versus a $7,709/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 2007
N/A lot
$N/A/sqft
$1,461 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 10026, New York, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,540 (100%) |
| Owner Occupied HU | 3,184 (18.2%) |
| Renter Occupied HU | 13,084 (74.6%) |
| Vacant Housing Units | 1,272 ( 7.3%) |
| Median Home Value | $1,037,960 |
| Average Home Value | $1,157,201 |
Housing Distribution
Address Breakdown
Residential
15,866
Single Family
333
Multi-Family
15,533
Businesses
565
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