301 E 62nd St APT 5ENew YorkNY10065
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowInvestors targeting immediate dollar income will find 301 E 62nd St APT 5E, New York, NY, 10065 in New York hard to pass up. The 11.08% gross yield on a $550,000 purchase results in $5,080/mo in rent and $535/mo in net cash, well above the spread required for Ziffy Mortgage's DSCR qualification (2.05). Annual cash flow of $6,417, five-year appreciation of $151,955, and $5,066/yr in equity build-up combine for a projected total cumulative return of $300,318.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.1% | 4.8% |
| Monthly Cash Flow | $535 | $28,500 |
City averages based on New York market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $5,080 |
| Total Monthly Debt Service | $3,454 |
| DSCR Ratio | 1.47x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1959
N/A lot
$N/A/sqft
No HOA
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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
Condo
Built in 1959
N/A lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices