3681 Broadway APT 62New YorkNY10031
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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 3681 Broadway APT 62, New York, NY, 10031 generates $8,538/mo in rent and, after a $2,374/mo payment, leaves $4,498/mo in cash flow. Total monthly income is $8,538/mo, and annual cash flow is $53,977/yr on $160,778 invested. Return on cash invested sits at 53.48% in year one, and rental yield is 21.12% on a $485,000 entry. Equity gained on principal adds $3,130/yr, while 5% annual appreciation builds toward $133,997 over five years. Five-year ROI reaches 285.71% and total cumulative return in cash sums $459,350. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $8,538/mo property income rather than buyer’s personal income.
Condo
Built in 1920
N/A lot
$N/A/sqft
$801 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 10031, New York, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,194 (100%) |
| Owner Occupied HU | 2,778 (11.5%) |
| Renter Occupied HU | 19,293 (79.7%) |
| Vacant Housing Units | 2,123 ( 8.8%) |
| Median Home Value | $722,566 |
| Average Home Value | $978,110 |
Housing Distribution
Address Breakdown
Residential
21,947
Single Family
544
Multi-Family
21,403
Businesses
746
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