320 E 42nd St APT 2511New YorkNY10017
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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 320 E 42nd St APT 2511, New York, NY, 10017 generates $2,461/mo in rent, after a $2,056/mo payment. Total monthly income is $2,461/mo. Return on cash invested sits at 16.94% in year one, and rental yield is 7.03% on a $420,000 entry. Equity gained on principal adds $2,710/yr, while 5% annual appreciation builds toward $116,038 over five years. Five-year ROI reaches 87.57% and total cumulative return in cash sums $121,927. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,461/mo property income rather than buyer’s personal income.
Condo
Built in 1929
N/A lot
$N/A/sqft
No 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
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