321 E 48th St APT 12DNew YorkNY10017
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowInvestors targeting immediate dollar income will find 321 E 48th St APT 12D, New York, NY, 10017 in New York hard to pass up. The 12.65% gross yield on a $1,095,000 purchase results in $11,540/mo in rent and $2,385/mo in net cash, well above the spread required for Ziffy Mortgage's DSCR qualification (2.34). Annual cash flow of $28,622, five-year appreciation of $302,528, and $10,085/yr in equity build-up combine for a projected total cumulative return of $579,025.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 12.7% | 4.8% |
| Monthly Cash Flow | $2,385 | $28,500 |
City averages based on New York market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $11,540 |
| Total Monthly Debt Service | $8,720 |
| DSCR Ratio | 1.32x |
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 1962
N/A lot
$N/A/sqft
$1,843 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 1962
N/A lot
$N/A/sqft
$1,843 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