209 W 118th St APT 3FNew YorkNY10026
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeHigh DSCR is a competitive advantage at closing. 209 W 118th St APT 3F, New York, NY, 10026 in New York achieves 1.67, rent of $3,155/mo covers the $1,889/mo payment 1.5x over at $420,000. Rental yield 9.01%. That makes it both an efficient operational hold and a straightforward underwrite for Ziffy Mortgage's DSCR program. No domestic credit history or income documentation required. Appreciation at 5%/yr adds $116,038 over five years, with $3,868/yr in principal reduction bringing total projected return to $140,773.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9% | 4.8% |
| Monthly Cash Flow | $(348) | $28,500 |
City averages based on New York market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,155 |
| Total Monthly Debt Service | $3,336 |
| DSCR Ratio | 0.95x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in N/A
N/A lot
$N/A/sqft
$698 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Condo
Built in N/A
N/A lot
$N/A/sqft
$698 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices