305 E 51st St #28BNew YorkNY10022
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 305 E 51st St #28B, New York, NY, 10022 generates $7,934/mo in rent, after a $9,241/mo payment. Total monthly income is $7,934/mo. Return on cash invested sits at 8.11% in year one, and rental yield is 5.04% on a $1,888,000 entry. Equity gained on principal adds $12,183/yr, while 5% annual appreciation builds toward $521,620 over five years. Five-year ROI reaches 41.25% and total cumulative return in cash sums $252,328. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $7,934/mo property income rather than buyer’s personal income.
Condo
Built in 2013
N/A lot
$N/A/sqft
$1,576 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 10022, New York, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 27,279 (100%) |
| Owner Occupied HU | 11,002 (40.3%) |
| Renter Occupied HU | 11,015 (40.4%) |
| Vacant Housing Units | 5,262 (19.3%) |
| Median Home Value | $1,223,949 |
| Average Home Value | $1,331,078 |
Housing Distribution
Address Breakdown
Residential
18,774
Single Family
271
Multi-Family
18,503
Businesses
3,725
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices