350 E 57th St APT 7BNew YorkNY10022
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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
Rental property for sale in New York at 350 E 57th St APT 7B, New York, NY, 10022 generates $7,760/mo in rent, after a $8,688/mo payment. Total monthly income is $7,760/mo. Return on cash invested sits at 11.83% in year one, and rental yield is 5.25% on a $1,775,000 entry. Equity gained on principal adds $11,454/yr, while 5% annual appreciation builds toward $490,400 over five years. Five-year ROI reaches 60.07% and total cumulative return in cash sums $345,466. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $7,760/mo property income rather than buyer’s personal income.
Condo
Built in 1927
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 10022, New York, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 27,279 (100%) |
| Owner Occupied HU | 11,002 (40.3%) |
| Renter Occupied HU | 11,015 (40.4%) |
| Vacant Housing Units | 5,262 (19.3%) |
| Median Home Value | $1,223,949 |
| Average Home Value | $1,331,078 |
Housing Distribution
Address Breakdown
Residential
18,774
Single Family
271
Multi-Family
18,503
Businesses
3,725
Nearby investment properties with comparable rents
No similar rental properties found nearby.
Nearby investment properties with comparable prices
No similar price properties found nearby.