311 E 3rd St APT 33New YorkNY10009
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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 311 E 3rd St APT 33, New York, NY, 10009 uses $179,305 cash to close to unlock $12,817/yr annual cash flow and $1,068/mo monthly cash flow. Total monthly income runs $4,708/mo, and a $2,668/mo payment keeps the spread at $1,068/mo. Purchase price stands at $545,000, and rental yield measures 10.37% with $4,708/mo rent. Return on cash invested shows 27.21% in year one, and 5% annual appreciation builds toward $150,573 over five years. Five-year ROI reaches 142.62% and total cumulative return in cash records $255,732. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,708/mo property income covering a $2,668/mo payment rather than investor’s personal income.
Condo
Built in 1920
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 10009, New York, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 33,143 (100%) |
| Owner Occupied HU | 3,150 ( 9.5%) |
| Renter Occupied HU | 27,711 (83.6%) |
| Vacant Housing Units | 2,282 ( 6.9%) |
| Median Home Value | $825,844 |
| Average Home Value | $931,918 |
Housing Distribution
Address Breakdown
Residential
32,533
Single Family
260
Multi-Family
32,273
Businesses
1,286
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