264 Water St APT 3ANew YorkNY10038
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
Investment Highlights
Investment property for sale in New York at 264 Water St APT 3A, New York, NY, 10038 offers a 4.01% rental yield on a $1,450,000 purchase with $4,845/mo rent. 95% in year one. Equity gained on principal adds $9,357/yr while 5% annual appreciation supports $400,608 over five years. Portfolio math shows five-year ROI at 19.28% and total cumulative return in cash at $90,585. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,845/mo property income against a $7,097/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1900
N/A lot
$N/A/sqft
$1,592 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 10038, New York, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,600 (100%) |
| Owner Occupied HU | 2,863 (21.1%) |
| Renter Occupied HU | 8,937 (65.7%) |
| Vacant Housing Units | 1,800 (13.2%) |
| Median Home Value | $894,071 |
| Average Home Value | $1,101,949 |
Housing Distribution
Address Breakdown
Residential
13,418
Single Family
55
Multi-Family
13,363
Businesses
1,334
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices