400 E 70th St APT 2302New YorkNY10021
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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 400 E 70th St APT 2302, New York, NY, 10021 uses $145,008 cash to close to unlock $39,253/yr annual cash flow and $3,271/mo monthly cash flow. Total monthly income runs $7,682/mo, and a $2,141/mo payment keeps the spread at $3,271/mo. Purchase price stands at $437,429, and rental yield measures 21.07% with $7,682/mo rent. Return on cash invested shows 46.98% in year one, and 5% annual appreciation builds toward $120,854 over five years. Five-year ROI reaches 253.13% and total cumulative return in cash records $367,063. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $7,682/mo property income covering a $2,141/mo payment rather than investor’s personal income.
Condo
Built in 1984
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 10021, New York, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 28,344 (100%) |
| Owner Occupied HU | 10,240 (36.1%) |
| Renter Occupied HU | 14,054 (49.6%) |
| Vacant Housing Units | 4,050 (14.3%) |
| Median Home Value | $1,615,914 |
| Average Home Value | $1,531,995 |
Housing Distribution
Address Breakdown
Residential
23,098
Single Family
421
Multi-Family
22,677
Businesses
1,644
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