403 E 62nd St APT 5CNew YorkNY10065
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowIf cash-on-cash performance is your primary filter, 403 E 62nd St APT 5C, New York, NY, 10065 in New York deserves attention. This $247,154 property earns $5,340/mo in rent, a 25.93% gross yield, and nets $1,843/mo after the $1,111/mo payment. DSCR 4.81 makes it one of the cleaner DSCR underwriting candidates Ziffy Mortgage sees in this market. Five-year appreciation of $68,284 compounds alongside $2,276/yr in yearly equity build, for a total cumulative return of $220,911.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 25.9% | 4.8% |
| Monthly Cash Flow | $1,843 | $28,500 |
City averages based on New York market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $5,340 |
| Total Monthly Debt Service | $3,399 |
| DSCR Ratio | 1.57x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Apartment
Built in 1985
N/A lot
$N/A/sqft
$1,025 monthly HOA
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
Apartment
Built in 1985
N/A lot
$N/A/sqft
$1,025 monthly HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices