3 E 71st St APT 2ENew YorkNY10021
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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 3 E 71st St APT 2E, New York, NY, 10021 priced at $1,195,000 converts $8,923/mo rent into after a $5,849/mo obligation. Total monthly income equals $8,923/mo. Return on cash invested prints 16.35% in year one, and rental yield reads 8.96% against a $1,195,000 entry. Equity gained on principal adds $7,711/yr, while 5% annual appreciation compiles into $330,156 by year five. Five-year ROI reaches 86.83% and total cumulative return in cash sums $336,170. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $8,923/mo property income covering a $5,849/mo payment, not borrower’s personal income.
Condo
Built in 1948
N/A lot
$N/A/sqft
$2,240 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 10021, New York, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 28,344 (100%) |
| Owner Occupied HU | 10,240 (36.1%) |
| Renter Occupied HU | 14,054 (49.6%) |
| Vacant Housing Units | 4,050 (14.3%) |
| Median Home Value | $1,615,914 |
| Average Home Value | $1,531,995 |
Housing Distribution
Address Breakdown
Residential
23,098
Single Family
421
Multi-Family
22,677
Businesses
1,644
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