321 E 45th St APT 8BNew YorkNY10017
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowInvestors targeting immediate dollar income will find 321 E 45th St APT 8B, New York, NY, 10017 in New York hard to pass up. The 24.85% gross yield on a $319,410 purchase results in $6,616/mo in rent and $3,437/mo in net cash, well above the spread required for Ziffy Mortgage's DSCR qualification (4.61). Annual cash flow of $41,240, five-year appreciation of $88,247, and $2,942/yr in equity build-up combine for a projected total cumulative return of $347,562.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 24.9% | 4.8% |
| Monthly Cash Flow | $3,437 | $28,500 |
City averages based on New York market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $6,616 |
| Total Monthly Debt Service | $3,052 |
| DSCR Ratio | 2.17x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1960
N/A lot
$N/A/sqft
$1,046 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
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
Condo
Built in 1960
N/A lot
$N/A/sqft
$1,046 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