3 Hanover Sq APT 21ENew YorkNY10004
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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 Hanover Sq APT 21E, New York, NY, 10004 offers $8,702/mo rent that, after a $2,300/mo payment, leaves $4,415/mo cash flow. Total monthly income is $8,702/mo, and annual cash flow is $52,980/yr on $155,772 cash. Return on cash invested measures 53.92% in year one, and rental yield stands at 22.22% at a $469,900 entry. Equity gained on principal adds $3,032/yr while 5% annual appreciation compounds into $129,825 by year five. Five-year ROI records 289.11% and total cumulative return in cash reaches $450,350. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $8,702/mo property income versus a $2,300/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 1926
N/A lot
$N/A/sqft
$1,149 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 10004, New York, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,589 (100%) |
| Owner Occupied HU | 383 (14.8%) |
| Renter Occupied HU | 1,792 (69.2%) |
| Vacant Housing Units | 414 (16.0%) |
| Median Home Value | $1,496,988 |
| Average Home Value | $1,488,773 |
Housing Distribution
Address Breakdown
Residential
2,407
Single Family
6
Multi-Family
2,401
Businesses
956
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