331 W 85th St APT 2BManhattanNY10024
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 331 W 85th St APT 2B, Manhattan, NY, 10024 listed at $549,000 pairs $6,653/mo rent with a $2,687/mo payment to leave $1,551/mo cash flow. Total monthly income runs $6,653/mo, and annual cash flow reaches $18,611/yr on $180,621 cash to close. Return on cash invested measures 30.36% in year one, and rental yield registers 14.54% at a $549,000 basis. Equity gained on principal adds $3,543/yr, and annual property appreciation at 5% supports $151,679 by year five. Five-year ROI tracks 162.97% and total cumulative return in cash totals $294,356. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $6,653/mo property income relative to a $2,687/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1920
N/A lot
$N/A/sqft
$1,436 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices