40 W 116th St APT B310New YorkNY10026
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 40 W 116th St APT B310, New York, NY, 10026 uses $325,052 cash to close to unlock $13,741/yr annual cash flow and $1,145/mo monthly cash flow. Total monthly income runs $8,309/mo, and a $4,836/mo payment keeps the spread at $1,145/mo. Purchase price stands at $988,000, and rental yield measures 10.09% with $8,309/mo rent. Return on cash invested shows 24.29% in year one, and 5% annual appreciation builds toward $272,966 over five years. Five-year ROI reaches 127.7% and total cumulative return in cash records $415,096. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $8,309/mo property income covering a $4,836/mo payment rather than investor’s personal income.
Condo
Built in 2006
N/A lot
$N/A/sqft
$566 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 10026, New York, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,540 (100%) |
| Owner Occupied HU | 3,184 (18.2%) |
| Renter Occupied HU | 13,084 (74.6%) |
| Vacant Housing Units | 1,272 ( 7.3%) |
| Median Home Value | $1,037,960 |
| Average Home Value | $1,157,201 |
Housing Distribution
Address Breakdown
Residential
15,866
Single Family
333
Multi-Family
15,533
Businesses
565
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices