420 E 55th St APT 2QNew YorkNY10022
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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
Rental property for sale in New York at 420 E 55th St APT 2Q, New York, NY, 10022 generates $6,764/mo in rent, after a $3,708/mo payment. Total monthly income is $6,764/mo. Return on cash invested sits at 16.8% in year one, and rental yield is 10.72% on a $757,500 entry. Equity gained on principal adds $4,888/yr, while 5% annual appreciation builds toward $209,283 over five years. Five-year ROI reaches 90.94% and total cumulative return in cash sums $226,628. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $6,764/mo property income rather than buyer’s personal income.
Condo
Built in 1956
N/A lot
$N/A/sqft
$2,383 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 10022, New York, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 27,279 (100%) |
| Owner Occupied HU | 11,002 (40.3%) |
| Renter Occupied HU | 11,015 (40.4%) |
| Vacant Housing Units | 5,262 (19.3%) |
| Median Home Value | $1,223,949 |
| Average Home Value | $1,331,078 |
Housing Distribution
Address Breakdown
Residential
18,774
Single Family
271
Multi-Family
18,503
Businesses
3,725
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