413 Grand St APT 501New YorkNY10002
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash Flow413 Grand St APT 501, New York, NY, 10002 in New York earns its strong cash-flow label: 11.57% yield, $12,538/mo rent, $2,328/mo net income, DSCR 2.14. The $1,300,000 acquisition cost produces immediate returns that put this property in the top tier for U.S. income assets accessible via Ziffy Mortgage's rental-income underwriting. Long-term, 5% annual appreciation adds $359,166 by year five. Combined with $11,973/yr in principal paydown, total projected return reaches $652,186.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.6% | 4.8% |
| Monthly Cash Flow | $2,328 | $28,500 |
City averages based on New York market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $12,538 |
| Total Monthly Debt Service | $9,692 |
| DSCR Ratio | 1.29x |
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 1960
N/A lot
$N/A/sqft
$1,528 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 10002, New York, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 40,854 (100%) |
| Owner Occupied HU | 6,264 (15.3%) |
| Renter Occupied HU | 31,158 (76.3%) |
| Vacant Housing Units | 3,432 ( 8.4%) |
| Median Home Value | $821,930 |
| Average Home Value | $952,686 |
Housing Distribution
Address Breakdown
Residential
38,568
Single Family
2,061
Multi-Family
36,507
Businesses
2,805
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 1960
N/A lot
$N/A/sqft
$1,528 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 10002, New York, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 40,854 (100%) |
| Owner Occupied HU | 6,264 (15.3%) |
| Renter Occupied HU | 31,158 (76.3%) |
| Vacant Housing Units | 3,432 ( 8.4%) |
| Median Home Value | $821,930 |
| Average Home Value | $952,686 |
Housing Distribution
Address Breakdown
Residential
38,568
Single Family
2,061
Multi-Family
36,507
Businesses
2,805
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices