300 E 40th St APT 24VNew YorkNY10016
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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 300 E 40th St APT 24V, New York, NY, 10016 earns from $6,266/mo rent with a $4,013/mo payment. Total monthly income totals $6,266/mo. ROI tracks 13.55% on current figures, and rental yield reads 9.17% at a $820,000 purchase. Equity gained on principal adds $5,291/yr, and 5% annual appreciation supports $226,551 over five years. Five-year ROI reaches 72.97% and total cumulative return in cash sums $196,847. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $6,266/mo property income instead of your personal income.
Condo
Built in 1967
N/A lot
$N/A/sqft
$2,255 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 10016, New York, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 41,052 (100%) |
| Owner Occupied HU | 8,730 (21.3%) |
| Renter Occupied HU | 26,763 (65.2%) |
| Vacant Housing Units | 5,559 (13.5%) |
| Median Home Value | $1,031,364 |
| Average Home Value | $1,209,032 |
Housing Distribution
Address Breakdown
Residential
37,372
Single Family
320
Multi-Family
37,052
Businesses
3,608
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