2440 Amsterdam Ave APT 5CNew YorkNY10033
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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 2440 Amsterdam Ave APT 5C, New York, NY, 10033 uses $116,025 cash to close to unlock $3,274/yr annual cash flow and $273/mo monthly cash flow. Total monthly income runs $2,610/mo, and a $1,713/mo payment keeps the spread at $273/mo. Purchase price stands at $350,000, and rental yield measures 8.95% with $2,610/mo rent. Return on cash invested shows 22.73% in year one, and 5% annual appreciation builds toward $96,699 over five years. Five-year ROI reaches 118.61% and total cumulative return in cash records $137,618. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,610/mo property income covering a $1,713/mo payment rather than investor’s personal income.
Condo
Built in 1940
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 10033, New York, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,597 (100%) |
| Owner Occupied HU | 2,458 (11.9%) |
| Renter Occupied HU | 16,834 (81.7%) |
| Vacant Housing Units | 1,305 ( 6.3%) |
| Median Home Value | $724,865 |
| Average Home Value | $860,463 |
Housing Distribution
Address Breakdown
Residential
19,434
Single Family
150
Multi-Family
19,284
Businesses
944
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