345 W 88th St APT 5HNew YorkNY10024
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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 345 W 88th St APT 5H, New York, NY, 10024 uses $91,163 cash to close to unlock $187/yr annual cash flow and $16/mo monthly cash flow. Total monthly income runs $1,852/mo, and a $1,346/mo payment keeps the spread at $16/mo. Purchase price stands at $275,000, and rental yield measures 8.08% with $1,852/mo rent. Return on cash invested shows 20.11% in year one, and 5% annual appreciation builds toward $75,977 over five years. Five-year ROI reaches 104.59% and total cumulative return in cash records $95,351. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,852/mo property income covering a $1,346/mo payment rather than investor’s personal income.
Condo
Built in 1915
N/A lot
$N/A/sqft
No 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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