342 W 21st StNew YorkNY10011
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
Rental property for sale in New York at 342 W 21st St, New York, NY, 10011 offers $16,375/mo rent that, after a $8,786/mo payment, leaves $2,343/mo cash flow. Total monthly income is $16,375/mo, and annual cash flow is $28,115/yr on $581,580 cash. Return on cash invested measures 25.2% in year one, and rental yield stands at 10.95% at a $1,795,000 entry. Equity gained on principal adds $11,583/yr while 5% annual appreciation compounds into $495,925 by year five. Five-year ROI records 133.32% and total cumulative return in cash reaches $775,357. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $16,375/mo property income versus a $8,786/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 1940
N/A lot
$N/A/sqft
$2,045 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 10011, New York, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 34,957 (100%) |
| Owner Occupied HU | 10,815 (30.9%) |
| Renter Occupied HU | 19,813 (56.7%) |
| Vacant Housing Units | 4,329 (12.4%) |
| Median Home Value | $1,184,111 |
| Average Home Value | $1,321,727 |
Housing Distribution
Address Breakdown
Residential
32,777
Single Family
554
Multi-Family
32,223
Businesses
2,828
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices