251 E 51st St APT 7ENew YorkNY10022
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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
Rental property for sale in New York at 251 E 51st St APT 7E, New York, NY, 10022 generates $4,532/mo in rent and, after a $3,279/mo payment, leaves $58/mo in cash flow. Total monthly income is $4,532/mo, and annual cash flow is $698/yr on $220,430 invested. Return on cash invested sits at 20.38% in year one, and rental yield is 8.12% on a $670,000 entry. Equity gained on principal adds $4,323/yr, while 5% annual appreciation builds toward $185,109 over five years. Five-year ROI reaches 105.98% and total cumulative return in cash sums $233,621. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,532/mo property income rather than buyer’s personal income.
Condo
Built in 1960
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 10022, New York, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 27,279 (100%) |
| Owner Occupied HU | 11,002 (40.3%) |
| Renter Occupied HU | 11,015 (40.4%) |
| Vacant Housing Units | 5,262 (19.3%) |
| Median Home Value | $1,223,949 |
| Average Home Value | $1,331,078 |
Housing Distribution
Address Breakdown
Residential
18,774
Single Family
271
Multi-Family
18,503
Businesses
3,725
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