29 Convent Ave APT 24New YorkNY10027
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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 29 Convent Ave APT 24, New York, NY, 10027 uses $101,108 cash to close to unlock $961/yr annual cash flow and $80/mo monthly cash flow. Total monthly income runs $2,117/mo, and a $1,493/mo payment keeps the spread at $80/mo. Purchase price stands at $305,000, and rental yield measures 8.33% with $2,117/mo rent. Return on cash invested shows 20.86% in year one, and 5% annual appreciation builds toward $84,266 over five years. Five-year ROI reaches 108.62% and total cumulative return in cash records $109,822. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,117/mo property income covering a $1,493/mo payment rather than investor’s personal income.
Condo
Built in 1910
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 10027, New York, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 28,400 (100%) |
| Owner Occupied HU | 3,911 (13.8%) |
| Renter Occupied HU | 22,251 (78.3%) |
| Vacant Housing Units | 2,238 ( 7.9%) |
| Median Home Value | $811,564 |
| Average Home Value | $1,055,089 |
Housing Distribution
Address Breakdown
Residential
25,725
Single Family
655
Multi-Family
25,070
Businesses
1,262
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