311 E 38th St APT 12CNew 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
Rental property for sale in New York at 311 E 38th St APT 12C, New York, NY, 10016 generates $4,469/mo in rent and, after a $999/mo payment, leaves $2,414/mo in cash flow. Total monthly income is $4,469/mo, and annual cash flow is $28,970/yr on $67,668 invested. Return on cash invested sits at 62.72% in year one, and rental yield is 26.27% on a $204,127 entry. Equity gained on principal adds $1,317/yr, while 5% annual appreciation builds toward $56,397 over five years. Five-year ROI reaches 337.55% and total cumulative return in cash sums $228,416. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,469/mo property income rather than buyer’s personal income.
Apartment
Built in N/A
N/A lot
$N/A/sqft
No 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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