40 Broad St APT 22FNew YorkNY10004
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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
Rental property for sale in New York at 40 Broad St APT 22F, New York, NY, 10004 generates $3,640/mo in rent, after a $5,139/mo payment. Total monthly income is $3,640/mo. Return on cash invested sits at 8.48% in year one, and rental yield is 4.16% on a $1,050,000 entry. Equity gained on principal adds $6,775/yr, while 5% annual appreciation builds toward $290,096 over five years. Five-year ROI reaches 42.1% and total cumulative return in cash sums $143,225. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,640/mo property income rather than buyer’s personal income.
Condo
Built in 1986
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 10004, New York, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,589 (100%) |
| Owner Occupied HU | 383 (14.8%) |
| Renter Occupied HU | 1,792 (69.2%) |
| Vacant Housing Units | 414 (16.0%) |
| Median Home Value | $1,496,988 |
| Average Home Value | $1,488,773 |
Housing Distribution
Address Breakdown
Residential
2,407
Single Family
6
Multi-Family
2,401
Businesses
956
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