357 W 29th StNew YorkNY10001
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayAt a 4.05% gross rental yield, 357 W 29th St, New York, NY, 10001 in New York is priced for capital growth, not immediate cash flow. The $1,595,000 purchase reflects market confidence in future value: at 5%/yr, the property is forecast to gain $440,669 by year five, with $14,690/yr in additional equity from loan paydown. Ziffy Mortgage's DSCR mortgage (0.75) qualifies for non-U.S. residents without personal income documents. Total five-year projected cumulative return: $269,176.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 4.1% | 4.8% |
| Monthly Cash Flow | $(7,169) | $28,500 |
City averages based on New York market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $5,383 |
| Total Monthly Debt Service | $10,017 |
| DSCR Ratio | 0.54x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, 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 1921
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 10001, New York, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,863 (100%) |
| Owner Occupied HU | 3,468 (17.5%) |
| Renter Occupied HU | 13,783 (69.4%) |
| Vacant Housing Units | 2,612 (13.2%) |
| Median Home Value | $797,546 |
| Average Home Value | $997,143 |
Housing Distribution
Address Breakdown
Residential
18,242
Single Family
154
Multi-Family
18,088
Businesses
5,930
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 1921
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 10001, New York, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,863 (100%) |
| Owner Occupied HU | 3,468 (17.5%) |
| Renter Occupied HU | 13,783 (69.4%) |
| Vacant Housing Units | 2,612 (13.2%) |
| Median Home Value | $797,546 |
| Average Home Value | $997,143 |
Housing Distribution
Address Breakdown
Residential
18,242
Single Family
154
Multi-Family
18,088
Businesses
5,930
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices