216 E 47th St APT 23ANew YorkNY10017
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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 216 E 47th St APT 23A, New York, NY, 10017 offers a 12.66% rental yield on a $824,000 purchase with $8,693/mo rent. Total monthly income registers $8,693/mo, and a $4,033/mo payment leaves $1,514/mo available for distribution. Annual cash flow reaches $18,162/yr on $271,096 to close, and return on cash invested stands at 26.76% in year one. Equity gained on principal adds $5,317/yr while 5% annual appreciation supports $227,656 over five years. Portfolio math shows five-year ROI at 142.88% and total cumulative return in cash at $387,343. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $8,693/mo property income against a $4,033/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1985
N/A lot
$N/A/sqft
$1,677 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 10017, New York, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,285 (100%) |
| Owner Occupied HU | 3,713 (27.9%) |
| Renter Occupied HU | 7,419 (55.8%) |
| Vacant Housing Units | 2,153 (16.2%) |
| Median Home Value | $795,643 |
| Average Home Value | $1,007,195 |
Housing Distribution
Address Breakdown
Residential
12,099
Single Family
49
Multi-Family
12,050
Businesses
3,212
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