377 Rector Pl APT 11INew YorkNY10280
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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 377 Rector Pl APT 11I, New York, NY, 10280 uses $259,581 cash to close to unlock $1,187/yr annual cash flow and $99/mo monthly cash flow. Total monthly income runs $5,368/mo, and a $3,862/mo payment keeps the spread at $99/mo. Purchase price stands at $789,000, and rental yield measures 8.16% with $5,368/mo rent. Return on cash invested shows 20.52% in year one, and 5% annual appreciation builds toward $217,986 over five years. Five-year ROI reaches 106.71% and total cumulative return in cash records $277,006. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $5,368/mo property income covering a $3,862/mo payment rather than investor’s personal income.
Condo
Built in 1985
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 10280, New York, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,426 (100%) |
| Owner Occupied HU | 1,550 (28.6%) |
| Renter Occupied HU | 3,384 (62.4%) |
| Vacant Housing Units | 492 ( 9.1%) |
| Median Home Value | $1,096,026 |
| Average Home Value | $1,315,710 |
Housing Distribution
Address Breakdown
Residential
4,842
Single Family
0
Multi-Family
4,842
Businesses
61
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