3 Sheridan Sq APT 7GNew YorkNY10014
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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 Sheridan Sq APT 7G, New York, NY, 10014 offers $3,583/mo rent that, after a $2,863/mo payment. Total monthly income is $3,583/mo. Return on cash invested measures 18.04% in year one, and rental yield stands at 7.35% at a $585,000 entry. Equity gained on principal adds $3,775/yr while 5% annual appreciation compounds into $161,625 by year five. Five-year ROI records 93.46% and total cumulative return in cash reaches $179,874. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,583/mo property income versus a $2,863/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 1961
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 10014, New York, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,730 (100%) |
| Owner Occupied HU | 5,412 (24.9%) |
| Renter Occupied HU | 13,475 (62.0%) |
| Vacant Housing Units | 2,843 (13.1%) |
| Median Home Value | $1,392,361 |
| Average Home Value | $1,447,235 |
Housing Distribution
Address Breakdown
Residential
21,224
Single Family
782
Multi-Family
20,442
Businesses
1,845
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