24 W 83rd St APT 5RNew YorkNY10024
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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 24 W 83rd St APT 5R, New York, NY, 10024 uses $328,671 cash to close to unlock $18,053/yr annual cash flow and $1,504/mo monthly cash flow. Total monthly income runs $8,176/mo, and a $4,890/mo payment keeps the spread at $1,504/mo. Purchase price stands at $999,000, and rental yield measures 9.82% with $8,176/mo rent. Return on cash invested shows 25.55% in year one, and 5% annual appreciation builds toward $276,005 over five years. Five-year ROI reaches 133.72% and total cumulative return in cash records $439,502. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $8,176/mo property income covering a $4,890/mo payment rather than investor’s personal income.
Condo
Built in 1900
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 10024, New York, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 34,255 (100%) |
| Owner Occupied HU | 10,791 (31.5%) |
| Renter Occupied HU | 19,161 (55.9%) |
| Vacant Housing Units | 4,303 (12.6%) |
| Median Home Value | $1,690,841 |
| Average Home Value | $1,553,022 |
Housing Distribution
Address Breakdown
Residential
28,850
Single Family
562
Multi-Family
28,288
Businesses
1,102
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