235 E 87th St APT 1INew YorkNY10128
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowStrong cash flow defines 235 E 87th St APT 1I, New York, NY, 10128 in New York: $2,603/mo in rent, $1,517/mo net, 12.31% gross yield, all on a $423,700 acquisition. The 1.37 coverage ratio comfortably clears Ziffy Mortgage's threshold, enabling foreign-national buyers to close without U.S. credit documentation. Over five years, 5% appreciation adds $117,061 in value, and $3,902/yr in principal paydown steadily builds equity. Projected total cumulative return: $147,028.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 12.3% | 4.8% |
| Monthly Cash Flow | $1,517 | $28,500 |
City averages based on New York market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,603 |
| Total Monthly Debt Service | $2,661 |
| DSCR Ratio | 0.98x |
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 1963
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 10128, New York, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 34,000 (100%) |
| Owner Occupied HU | 10,217 (30.0%) |
| Renter Occupied HU | 20,689 (60.8%) |
| Vacant Housing Units | 3,094 ( 9.1%) |
| Median Home Value | $1,343,678 |
| Average Home Value | $1,415,704 |
Housing Distribution
Address Breakdown
Residential
32,173
Single Family
430
Multi-Family
31,743
Businesses
1,113
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 1963
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 10128, New York, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 34,000 (100%) |
| Owner Occupied HU | 10,217 (30.0%) |
| Renter Occupied HU | 20,689 (60.8%) |
| Vacant Housing Units | 3,094 ( 9.1%) |
| Median Home Value | $1,343,678 |
| Average Home Value | $1,415,704 |
Housing Distribution
Address Breakdown
Residential
32,173
Single Family
430
Multi-Family
31,743
Businesses
1,113
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices