253 W 73rd St APT 5MNew YorkNY10023
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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 253 W 73rd St APT 5M, New York, NY, 10023 priced at $1,620,000 converts $13,618/mo rent into $1,261/mo cash flow after a $7,929/mo obligation. Total monthly income equals $13,618/mo, and annual cash flow totals $15,132/yr on $524,880 invested. Return on cash invested prints 23.25% in year one, and rental yield reads 10.09% against a $1,620,000 entry. Equity gained on principal adds $10,454/yr, while 5% annual appreciation compiles into $447,576 by year five. Five-year ROI reaches 122.6% and total cumulative return in cash sums $643,518. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $13,618/mo property income covering a $7,929/mo payment, not borrower’s personal income.
Condo
Built in 1926
N/A lot
$N/A/sqft
$1,539 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 10023, New York, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 44,765 (100%) |
| Owner Occupied HU | 13,628 (30.4%) |
| Renter Occupied HU | 23,478 (52.4%) |
| Vacant Housing Units | 7,659 (17.1%) |
| Median Home Value | $1,614,455 |
| Average Home Value | $1,528,815 |
Housing Distribution
Address Breakdown
Residential
39,952
Single Family
230
Multi-Family
39,722
Businesses
1,615
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