43 W 61st St APT 20NNew YorkNY10023
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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 43 W 61st St APT 20N, New York, NY, 10023 offers a 5.85% rental yield on a $1,398,000 purchase with $6,815/mo rent. 86% in year one. Equity gained on principal adds $9,021/yr while 5% annual appreciation supports $386,242 over five years. Portfolio math shows five-year ROI at 40.91% and total cumulative return in cash at $185,295. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $6,815/mo property income against a $6,843/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1930
N/A lot
$N/A/sqft
$2,100 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 10023, New York, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 44,765 (100%) |
| Owner Occupied HU | 13,628 (30.4%) |
| Renter Occupied HU | 23,478 (52.4%) |
| Vacant Housing Units | 7,659 (17.1%) |
| Median Home Value | $1,614,455 |
| Average Home Value | $1,528,815 |
Housing Distribution
Address Breakdown
Residential
39,952
Single Family
230
Multi-Family
39,722
Businesses
1,615
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