357 E 57th St APT 10GNew 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
Investment property for sale in New York at 357 E 57th St APT 10G, New York, NY, 10022 uses $174,370 cash to close to unlock $8,734/yr annual cash flow and $728/mo monthly cash flow. Total monthly income runs $4,267/mo, and a $2,594/mo payment keeps the spread at $728/mo. Purchase price stands at $530,000, and rental yield measures 9.66% with $4,267/mo rent. Return on cash invested shows 25.07% in year one, and 5% annual appreciation builds toward $146,429 over five years. Five-year ROI reaches 131.12% and total cumulative return in cash records $228,631. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,267/mo property income covering a $2,594/mo payment rather than investor’s personal income.
Condo
Built in 1958
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
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