244 Madison AveNew YorkNY10016
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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 244 Madison Ave, New York, NY, 10016 with 5% annual appreciation on a $550,000 basis while $6,685/mo rent supports operations. Total monthly income totals $6,685/mo and a $2,692/mo payment preserves $1,411/mo for cash returns. Annual cash flow comes to $16,934/yr on $180,950 deployed, and return on cash invested reaches 29.42% in year one. Equity gained on principal adds $3,549/yr, and five-year appreciation sums $151,955 alongside rental yield of 14.59%. Five-year ROI measures 158.32% and total cumulative return in cash totals $286,474.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $6,685/mo property income versus a $2,692/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in 1916
N/A lot
$N/A/sqft
$1,601 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 10016, New York, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 41,052 (100%) |
| Owner Occupied HU | 8,730 (21.3%) |
| Renter Occupied HU | 26,763 (65.2%) |
| Vacant Housing Units | 5,559 (13.5%) |
| Median Home Value | $1,031,364 |
| Average Home Value | $1,209,032 |
Housing Distribution
Address Breakdown
Residential
37,372
Single Family
320
Multi-Family
37,052
Businesses
3,608
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