245 Bennett Ave APT 5ANew YorkNY10040
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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 245 Bennett Ave APT 5A, New York, NY, 10040 uses $124,313 cash to close to unlock $7,875/yr annual cash flow and $656/mo monthly cash flow. Total monthly income runs $3,160/mo, and a $1,835/mo payment keeps the spread at $656/mo. Purchase price stands at $375,000, and rental yield measures 10.11% with $3,160/mo rent. Return on cash invested shows 26.24% in year one, and 5% annual appreciation builds toward $103,606 over five years. Five-year ROI reaches 137.48% and total cumulative return in cash records $170,907. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,160/mo property income covering a $1,835/mo payment rather than investor’s personal income.
Condo
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 10040, New York, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,674 (100%) |
| Owner Occupied HU | 1,923 (10.9%) |
| Renter Occupied HU | 14,568 (82.4%) |
| Vacant Housing Units | 1,183 ( 6.7%) |
| Median Home Value | $525,000 |
| Average Home Value | $522,291 |
Housing Distribution
Address Breakdown
Residential
16,253
Single Family
116
Multi-Family
16,137
Businesses
568
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