348 W 38th St APT 9ENew YorkNY10018
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderCapital preservation and steady income define 348 W 38th St APT 9E, New York, NY, 10018 in New York. Rental yield 7.7%. The 1.43 coverage passes Ziffy Mortgage's DSCR threshold for non-U.S. residents. Five-year appreciation of $269,375 and $8,980/yr in principal reduction project total return of $355,217.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.7% | 4.8% |
| Monthly Cash Flow | $(2,413) | $28,500 |
City averages based on New York market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $6,253 |
| Total Monthly Debt Service | $6,123 |
| DSCR Ratio | 1.02x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1915
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 10018, New York, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,545 (100%) |
| Owner Occupied HU | 654 ( 7.7%) |
| Renter Occupied HU | 6,006 (70.3%) |
| Vacant Housing Units | 1,885 (22.1%) |
| Median Home Value | $976,266 |
| Average Home Value | $1,244,179 |
Housing Distribution
Address Breakdown
Residential
7,591
Single Family
29
Multi-Family
7,562
Businesses
6,062
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
Condo
Built in 1915
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 10018, New York, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,545 (100%) |
| Owner Occupied HU | 654 ( 7.7%) |
| Renter Occupied HU | 6,006 (70.3%) |
| Vacant Housing Units | 1,885 (22.1%) |
| Median Home Value | $976,266 |
| Average Home Value | $1,244,179 |
Housing Distribution
Address Breakdown
Residential
7,591
Single Family
29
Multi-Family
7,562
Businesses
6,062
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices