440 E 56th St #6FGNew 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
Investment property for sale in New York at 440 E 56th St #6FG, New York, NY, 10022 uses $631,800 cash to close to unlock $20,310/yr annual cash flow and $1,693/mo monthly cash flow. Total monthly income runs $20,478/mo, and a $9,544/mo payment keeps the spread at $1,693/mo. Purchase price stands at $1,950,000, and rental yield measures 12.6% with $20,478/mo rent. Return on cash invested shows 23.58% in year one, and 5% annual appreciation builds toward $538,749 over five years. Five-year ROI reaches 127.08% and total cumulative return in cash records $802,877. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $20,478/mo property income covering a $9,544/mo payment rather than investor’s personal income.
Condo
Built in 1955
N/A lot
$N/A/sqft
$5,764 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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