301 W 53rd St APT 13GNew YorkNY10019
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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 301 W 53rd St APT 13G, New York, NY, 10019 generates $17,686/mo in rent and, after a $9,593/mo payment, leaves $3,121/mo in cash flow. Total monthly income is $17,686/mo, and annual cash flow is $37,448/yr on $635,040 invested. Return on cash invested sits at 26.27% in year one, and rental yield is 10.83% on a $1,960,000 entry. Equity gained on principal adds $12,648/yr, while 5% annual appreciation builds toward $541,512 over five years. Five-year ROI reaches 138.5% and total cumulative return in cash sums $879,553. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $17,686/mo property income rather than buyer’s personal income.
Condo
Built in 1979
N/A lot
$N/A/sqft
$1,477 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 10019, New York, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 35,231 (100%) |
| Owner Occupied HU | 4,717 (13.4%) |
| Renter Occupied HU | 24,438 (69.4%) |
| Vacant Housing Units | 6,076 (17.2%) |
| Median Home Value | $962,650 |
| Average Home Value | $1,201,466 |
Housing Distribution
Address Breakdown
Residential
31,630
Single Family
93
Multi-Family
31,537
Businesses
3,077
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