448 E 87th St APT 3CNew YorkNY10028
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowFew New York rentals match the income profile of 448 E 87th St APT 3C, New York, NY, 10028. Listed at $274,500, gross rent is $6,024/mo and net cash flow is $3,116/mo, a 26.33% yield well above national averages. DSCR 4.88 means Ziffy Mortgage can approve your loan on the property's income alone, bypassing personal income verification. The 5% annual appreciation trend adds $75,839 by year five with $2,528/yr in annual principal reduction, projecting $309,907 in total cumulative return.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 26.3% | 4.8% |
| Monthly Cash Flow | $3,116 | $28,500 |
City averages based on New York market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $6,024 |
| Total Monthly Debt Service | $2,799 |
| DSCR Ratio | 2.15x |
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 1920
N/A lot
$N/A/sqft
$1,075 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 10028, New York, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 32,095 (100%) |
| Owner Occupied HU | 9,665 (30.1%) |
| Renter Occupied HU | 18,906 (58.9%) |
| Vacant Housing Units | 3,524 (11.0%) |
| Median Home Value | $1,425,000 |
| Average Home Value | $1,438,888 |
Housing Distribution
Address Breakdown
Residential
24,985
Single Family
285
Multi-Family
24,700
Businesses
1,338
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 1920
N/A lot
$N/A/sqft
$1,075 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 10028, New York, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 32,095 (100%) |
| Owner Occupied HU | 9,665 (30.1%) |
| Renter Occupied HU | 18,906 (58.9%) |
| Vacant Housing Units | 3,524 (11.0%) |
| Median Home Value | $1,425,000 |
| Average Home Value | $1,438,888 |
Housing Distribution
Address Breakdown
Residential
24,985
Single Family
285
Multi-Family
24,700
Businesses
1,338
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices