342 W 56th St APT 1ENew YorkNY10019
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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
Investment property for sale in New York at 342 W 56th St APT 1E, New York, NY, 10019 listed at $346,500 pairs $3,953/mo rent with a $1,696/mo payment to leave $1,062/mo cash flow. Total monthly income runs $3,953/mo, and annual cash flow reaches $12,745/yr on $114,865 cash to close. Return on cash invested measures 31% in year one, and rental yield registers 13.69% at a $346,500 basis. Equity gained on principal adds $2,236/yr, and annual property appreciation at 5% supports $95,732 by year five. Five-year ROI tracks 165.21% and total cumulative return in cash totals $189,763. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,953/mo property income relative to a $1,696/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1930
N/A lot
$N/A/sqft
$577 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 10019, New York, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 35,231 (100%) |
| Owner Occupied HU | 4,717 (13.4%) |
| Renter Occupied HU | 24,438 (69.4%) |
| Vacant Housing Units | 6,076 (17.2%) |
| Median Home Value | $962,650 |
| Average Home Value | $1,201,466 |
Housing Distribution
Address Breakdown
Residential
31,630
Single Family
93
Multi-Family
31,537
Businesses
3,077
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