350 E 62nd St APT 6B, New York, NY, 10065 | 7.11% Rental Yield

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in New York at 350 E 62nd St APT 6B, New York, NY, 10065 generates $4,297/mo in rent, after a $3,549/mo payment. Total monthly income is $4,297/mo. Return on cash invested sits at 17.32% in year one, and rental yield is 7.11% on a $725,000 entry. Equity gained on principal adds $4,678/yr, while 5% annual appreciation builds toward $200,304 over five years. Five-year ROI reaches 89.58% and total cumulative return in cash sums $213,665. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,297/mo property income rather than buyer’s personal income.

Condo

Built in 1977

N/A lot

$N/A/sqft

No HOA