324 W 83rd St APT 2SManhattanNY10024
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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 Manhattan at 324 W 83rd St APT 2S, Manhattan, NY, 10024 generates $3,488/mo in rent, after a $3,181/mo payment. Total monthly income is $3,488/mo. Return on cash invested sits at 9.19% in year one, and rental yield is 6.44% on a $650,000 entry. Equity gained on principal adds $4,194/yr, while 5% annual appreciation builds toward $179,583 over five years. Five-year ROI reaches 48.17% and total cumulative return in cash sums $103,022. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,488/mo property income rather than buyer’s personal income.
Condo
Built in 1902
N/A lot
$N/A/sqft
$1,085 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 10024, New York, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 34,255 (100%) |
| Owner Occupied HU | 10,791 (31.5%) |
| Renter Occupied HU | 19,161 (55.9%) |
| Vacant Housing Units | 4,303 (12.6%) |
| Median Home Value | $1,690,841 |
| Average Home Value | $1,553,022 |
Housing Distribution
Address Breakdown
Residential
28,850
Single Family
562
Multi-Family
28,288
Businesses
1,102
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