371 Edgecombe Ave APT 5CNew 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
Investment property for sale in New York at 371 Edgecombe Ave APT 5C, New York, NY, 10031 offers a 22.86% rental yield on a $315,000 purchase with $6,002/mo rent. Total monthly income registers $6,002/mo, and a $1,542/mo payment leaves $3,179/mo available for distribution. Annual cash flow reaches $38,151/yr on $104,423 to close, and return on cash invested stands at 56.44% in year one. Equity gained on principal adds $2,033/yr while 5% annual appreciation supports $87,029 over five years. Portfolio math shows five-year ROI at 302.42% and total cumulative return in cash at $315,797. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $6,002/mo property income against a $1,542/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1926
N/A lot
$N/A/sqft
$719 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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