35 E 38th St APT 5ANew YorkNY10016
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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 35 E 38th St APT 5A, New York, NY, 10016 uses $197,071 cash to close to unlock $7,053/yr annual cash flow and $588/mo monthly cash flow. Total monthly income runs $4,588/mo, and a $2,932/mo payment keeps the spread at $588/mo. Purchase price stands at $599,000, and rental yield measures 9.19% with $4,588/mo rent. Return on cash invested shows 23.64% in year one, and 5% annual appreciation builds toward $165,493 over five years. Five-year ROI reaches 123.46% and total cumulative return in cash records $243,310. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,588/mo property income covering a $2,932/mo payment rather than investor’s personal income.
Condo
Built in 1961
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 10016, New York, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 41,052 (100%) |
| Owner Occupied HU | 8,730 (21.3%) |
| Renter Occupied HU | 26,763 (65.2%) |
| Vacant Housing Units | 5,559 (13.5%) |
| Median Home Value | $1,031,364 |
| Average Home Value | $1,209,032 |
Housing Distribution
Address Breakdown
Residential
37,372
Single Family
320
Multi-Family
37,052
Businesses
3,608
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