438 E 12th St #2SNew YorkNY10009
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayAt a 5.4% gross rental yield, 438 E 12th St #2S, New York, NY, 10009 in New York is priced for capital growth, not immediate cash flow. The $535,551 purchase reflects market confidence in future value: at 5%/yr, the property is forecast to gain $147,963 by year five, with $4,932/yr in additional equity from loan paydown. Ziffy Mortgage's DSCR mortgage (4.20) qualifies for non-U.S. residents without personal income documents. Total five-year projected cumulative return: $523,789.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 5.4% | 4.8% |
| Monthly Cash Flow | $(6,664) | $28,500 |
City averages based on New York market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $10,123 |
| Total Monthly Debt Service | $5,058 |
| DSCR Ratio | 2.00x |
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 N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 10009, New York, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 33,143 (100%) |
| Owner Occupied HU | 3,150 ( 9.5%) |
| Renter Occupied HU | 27,711 (83.6%) |
| Vacant Housing Units | 2,282 ( 6.9%) |
| Median Home Value | $825,844 |
| Average Home Value | $931,918 |
Housing Distribution
Address Breakdown
Residential
32,533
Single Family
260
Multi-Family
32,273
Businesses
1,286
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 N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 10009, New York, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 33,143 (100%) |
| Owner Occupied HU | 3,150 ( 9.5%) |
| Renter Occupied HU | 27,711 (83.6%) |
| Vacant Housing Units | 2,282 ( 6.9%) |
| Median Home Value | $825,844 |
| Average Home Value | $931,918 |
Housing Distribution
Address Breakdown
Residential
32,533
Single Family
260
Multi-Family
32,273
Businesses
1,286
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices