327 Edgecombe Ave #1BManhattanNY10031
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
Investment Highlights
Investment property for sale in Manhattan at 327 Edgecombe Ave #1B, Manhattan, NY, 10031 uses $95,804 cash to close to unlock $1,339/yr annual cash flow and $112/mo monthly cash flow. Total monthly income runs $2,042/mo, and a $1,415/mo payment keeps the spread at $112/mo. Purchase price stands at $289,000, and rental yield measures 8.48% with $2,042/mo rent. Return on cash invested shows 21.31% in year one, and 5% annual appreciation builds toward $79,845 over five years. Five-year ROI reaches 110.98% and total cumulative return in cash records $106,322. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,042/mo property income covering a $1,415/mo payment rather than investor’s personal income.
Condo
Built in 1920
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 10031, New York, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,194 (100%) |
| Owner Occupied HU | 2,778 (11.5%) |
| Renter Occupied HU | 19,293 (79.7%) |
| Vacant Housing Units | 2,123 ( 8.8%) |
| Median Home Value | $722,566 |
| Average Home Value | $978,110 |
Housing Distribution
Address Breakdown
Residential
21,947
Single Family
544
Multi-Family
21,403
Businesses
746
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices