210 Spring St FLOOR 2New YorkNY10012
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeInvestment property for sale in New York at 210 Spring St FLOOR 2, New York, NY, 10012 projects strong ROI of 18.85%. Rental yield 9.3%. With 5% annual appreciation, the property builds $773,588 in value over five years. Equity growth combined delivers a projected five-year ROI of 117.62%, translating into $930,403 in total cumulative return on $791,000 invested capital. You can finance this property with Ziffy Mortgage’s DSCR loan, which leverages the property’s income for qualification rather than your personal income.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.3% | 4.8% |
| Monthly Cash Flow | $(2,504) | $28,500 |
City averages based on New York market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $21,694 |
| Total Monthly Debt Service | $23,084 |
| DSCR Ratio | 0.94x |
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 1900
N/A lot
$N/A/sqft
$5,500 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 10012, New York, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,191 (100%) |
| Owner Occupied HU | 2,772 (18.2%) |
| Renter Occupied HU | 10,378 (68.3%) |
| Vacant Housing Units | 2,041 (13.4%) |
| Median Home Value | $1,397,017 |
| Average Home Value | $1,448,345 |
Housing Distribution
Address Breakdown
Residential
14,177
Single Family
248
Multi-Family
13,929
Businesses
2,572
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 1900
N/A lot
$N/A/sqft
$5,500 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 10012, New York, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,191 (100%) |
| Owner Occupied HU | 2,772 (18.2%) |
| Renter Occupied HU | 10,378 (68.3%) |
| Vacant Housing Units | 2,041 (13.4%) |
| Median Home Value | $1,397,017 |
| Average Home Value | $1,448,345 |
Housing Distribution
Address Breakdown
Residential
14,177
Single Family
248
Multi-Family
13,929
Businesses
2,572
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices