229 E 4th St APT 3ManhattanNY10009
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
Investment Highlights
Investment property for sale in Manhattan at 229 E 4th St APT 3, Manhattan, NY, 10009 offers a 8.6% rental yield on a $950,000 purchase with $6,808/mo rent. 66% in year one. Equity gained on principal adds $6,130/yr while 5% annual appreciation supports $262,467 over five years. Portfolio math shows five-year ROI at 92.9% and total cumulative return in cash at $290,366. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $6,808/mo property income against a $4,650/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1929
N/A lot
$N/A/sqft
$1,089 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 10009, New York, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 33,143 (100%) |
| Owner Occupied HU | 3,150 ( 9.5%) |
| Renter Occupied HU | 27,711 (83.6%) |
| Vacant Housing Units | 2,282 ( 6.9%) |
| Median Home Value | $825,844 |
| Average Home Value | $931,918 |
Housing Distribution
Address Breakdown
Residential
32,533
Single Family
260
Multi-Family
32,273
Businesses
1,286
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices