385 1st Ave APT 2BNew YorkNY10010
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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 385 1st Ave APT 2B, New York, NY, 10010 earns from $4,832/mo rent with a $7,905/mo payment. Total monthly income totals $4,832/mo. ROI tracks 1.31% on current figures, and rental yield reads 3.59% at a $1,615,000 purchase. Equity gained on principal adds $10,421/yr, and 5% annual appreciation supports $446,195 over five years. Five-year ROI reaches 5.62% and total cumulative return in cash sums $29,397. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $4,832/mo property income instead of your personal income.
Condo
Built in 2016
N/A lot
$N/A/sqft
$1,952 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 10010, New York, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,835 (100%) |
| Owner Occupied HU | 4,675 (23.6%) |
| Renter Occupied HU | 12,977 (65.4%) |
| Vacant Housing Units | 2,183 (11.0%) |
| Median Home Value | $1,076,308 |
| Average Home Value | $1,205,915 |
Housing Distribution
Address Breakdown
Residential
19,396
Single Family
111
Multi-Family
19,285
Businesses
2,475
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