385 1st Ave APT 7FNew 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 7F, New York, NY, 10010 earns $887/mo cash flow from $7,564/mo rent with a $4,895/mo payment. Total monthly income totals $7,564/mo, and annual cash flow totals $10,640/yr on $329,000 capital. ROI tracks 23.29% on current figures, and rental yield reads 9.08% at a $999,999 purchase. Equity gained on principal adds $6,453/yr, and 5% annual appreciation supports $276,281 over five years. Five-year ROI reaches 121.61% and total cumulative return in cash sums $400,083. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $7,564/mo property income instead of your personal income.
Condo
Built in 2016
N/A lot
$N/A/sqft
No 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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