18 Morningside Ave APT 3New 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
Investment property for sale in New York at 18 Morningside Ave APT 3, New York, NY, 10026 with 5% annual appreciation on a $1,795,000 basis while $5,235/mo rent supports operations. 75% in year one. Equity gained on principal adds $11,583/yr, and five-year appreciation sums $495,925 alongside rental yield of 3.5%. Five-year ROI measures 7.74% and total cumulative return in cash totals $45,001. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $5,235/mo property income versus a $8,786/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in 2007
N/A lot
$N/A/sqft
$2,270 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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