305 E 108th StNew YorkNY10029
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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 305 E 108th St, New York, NY, 10029 uses $356,400 cash to close to unlock $8,908/yr annual cash flow and $742/mo monthly cash flow. Total monthly income runs $9,358/mo, and a $5,384/mo payment keeps the spread at $742/mo. Purchase price stands at $1,100,000, and rental yield measures 10.21% with $9,358/mo rent. Return on cash invested shows 22.87% in year one, and 5% annual appreciation builds toward $303,910 over five years. Five-year ROI reaches 120.83% and total cumulative return in cash records $430,651. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $9,358/mo property income covering a $5,384/mo payment rather than investor’s personal income.
Condo
Built in 1926
N/A lot
$N/A/sqft
$1,270 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 10029, New York, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 35,868 (100%) |
| Owner Occupied HU | 2,780 ( 7.8%) |
| Renter Occupied HU | 30,957 (86.3%) |
| Vacant Housing Units | 2,131 ( 5.9%) |
| Median Home Value | $726,974 |
| Average Home Value | $903,820 |
Housing Distribution
Address Breakdown
Residential
33,613
Single Family
313
Multi-Family
33,300
Businesses
1,359
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