324 Pearl St APT 3BNew YorkNY10038
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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 324 Pearl St APT 3B, New York, NY, 10038 priced at $560,000 pairs $4,608/mo rent with $482/mo cash flow after a $2,741/mo payment. Total monthly income equals $4,608/mo, and annual cash flow comes to $5,788/yr on $184,240 invested. Return on cash invested is 23.2% in year one, and rental yield stands at 9.87% on a $560,000 basis. Equity gained on principal adds $3,614/yr, and 5% annual appreciation accumulates to $154,718 by year five. Five-year ROI measures 122.04% and total cumulative return in cash reaches $224,837. For financing, Ziffy Mortgage’s DSCR program evaluates $4,608/mo property income against a $2,741/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1920
N/A lot
$N/A/sqft
$386 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 10038, New York, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,600 (100%) |
| Owner Occupied HU | 2,863 (21.1%) |
| Renter Occupied HU | 8,937 (65.7%) |
| Vacant Housing Units | 1,800 (13.2%) |
| Median Home Value | $894,071 |
| Average Home Value | $1,101,949 |
Housing Distribution
Address Breakdown
Residential
13,418
Single Family
55
Multi-Family
13,363
Businesses
1,334
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