320 E 42nd St APT 1308New YorkNY10017
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
Total monthly income runs $2,925/mo, and a $1,591/mo payment. Purchase price stands at $325,000, and rental yield measures 10.8% with $2,925/mo rent. Return on cash invested shows 18.5% in year one, and 5% annual appreciation builds toward $89,792 over five years. Five-year ROI reaches 99.5% and total cumulative return in cash records $107,197. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,925/mo property income covering a $1,591/mo payment rather than investor’s personal income.
Condo
Built in 1929
N/A lot
$N/A/sqft
$881 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 10017, New York, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,285 (100%) |
| Owner Occupied HU | 3,713 (27.9%) |
| Renter Occupied HU | 7,419 (55.8%) |
| Vacant Housing Units | 2,153 (16.2%) |
| Median Home Value | $795,643 |
| Average Home Value | $1,007,195 |
Housing Distribution
Address Breakdown
Residential
12,099
Single Family
49
Multi-Family
12,050
Businesses
3,212
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices