370 Lenox Ave #508New YorkNY10027
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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 370 Lenox Ave #508, New York, NY, 10027 offers a 9.86% rental yield on a $899,000 purchase with $7,386/mo rent. Total monthly income registers $7,386/mo, and a $4,400/mo payment leaves $838/mo available for distribution. Annual cash flow reaches $10,053/yr on $295,771 to close, and return on cash invested stands at 23.46% in year one. Equity gained on principal adds $5,801/yr while 5% annual appreciation supports $248,377 over five years. Portfolio math shows five-year ROI at 123.29% and total cumulative return in cash at $364,666. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $7,386/mo property income against a $4,400/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1898
N/A lot
$N/A/sqft
$545 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 10027, New York, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 28,400 (100%) |
| Owner Occupied HU | 3,911 (13.8%) |
| Renter Occupied HU | 22,251 (78.3%) |
| Vacant Housing Units | 2,238 ( 7.9%) |
| Median Home Value | $811,564 |
| Average Home Value | $1,055,089 |
Housing Distribution
Address Breakdown
Residential
25,725
Single Family
655
Multi-Family
25,070
Businesses
1,262
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