259 Bennett Ave #2FNew YorkNY10040
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash Flow259 Bennett Ave #2F, New York, NY, 10040 in New York is a solid income-producing rental, 11.63% gross yield, $3,490/mo rent, $469/mo net cash flow on a $360,000 buy. DSCR 2.16 qualifies the property for Ziffy Mortgage's financing without personal income documentation. Five-year appreciation of $99,461 and $3,316/yr in principal reduction project a total cumulative return of $170,115.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.6% | 4.8% |
| Monthly Cash Flow | $469 | $28,500 |
City averages based on New York market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,490 |
| Total Monthly Debt Service | $2,878 |
| DSCR Ratio | 1.21x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in N/A
N/A lot
$N/A/sqft
$617 monthly 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Condo
Built in N/A
N/A lot
$N/A/sqft
$617 monthly 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices