405 W 57th St APT 6CNew YorkNY10019
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowStrong cash flow defines 405 W 57th St APT 6C, New York, NY, 10019 in New York: $8,483/mo in rent, $4,904/mo net, 27.14% gross yield, all on a $375,000 acquisition. The 5.03 coverage ratio comfortably clears Ziffy Mortgage's threshold, enabling foreign-national buyers to close without U.S. credit documentation. Over five years, 5% appreciation adds $103,606 in value, and $3,454/yr in principal paydown steadily builds equity. Projected total cumulative return: $463,268.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 27.1% | 4.8% |
| Monthly Cash Flow | $4,904 | $28,500 |
City averages based on New York market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $8,483 |
| Total Monthly Debt Service | $3,430 |
| DSCR Ratio | 2.47x |
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.
Condo
Built in 1940
N/A lot
$N/A/sqft
$1,075 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 10019, New York, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 35,231 (100%) |
| Owner Occupied HU | 4,717 (13.4%) |
| Renter Occupied HU | 24,438 (69.4%) |
| Vacant Housing Units | 6,076 (17.2%) |
| Median Home Value | $962,650 |
| Average Home Value | $1,201,466 |
Housing Distribution
Address Breakdown
Residential
31,630
Single Family
93
Multi-Family
31,537
Businesses
3,077
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
Condo
Built in 1940
N/A lot
$N/A/sqft
$1,075 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 10019, New York, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 35,231 (100%) |
| Owner Occupied HU | 4,717 (13.4%) |
| Renter Occupied HU | 24,438 (69.4%) |
| Vacant Housing Units | 6,076 (17.2%) |
| Median Home Value | $962,650 |
| Average Home Value | $1,201,466 |
Housing Distribution
Address Breakdown
Residential
31,630
Single Family
93
Multi-Family
31,537
Businesses
3,077
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices