4489 Broadway APT 2ENew YorkNY10040
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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 4489 Broadway APT 2E, New York, NY, 10040 uses $141,551 cash to close to unlock $8,346/yr annual cash flow and $696/mo monthly cash flow. Total monthly income runs $3,547/mo, and a $2,090/mo payment keeps the spread at $696/mo. Purchase price stands at $427,000, and rental yield measures 9.97% with $3,547/mo rent. Return on cash invested shows 25.81% in year one, and 5% annual appreciation builds toward $117,972 over five years. Five-year ROI reaches 135.11% and total cumulative return in cash records $191,253. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,547/mo property income covering a $2,090/mo payment rather than investor’s personal income.
Condo
Built in 1951
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 10040, New York, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,674 (100%) |
| Owner Occupied HU | 1,923 (10.9%) |
| Renter Occupied HU | 14,568 (82.4%) |
| Vacant Housing Units | 1,183 ( 6.7%) |
| Median Home Value | $525,000 |
| Average Home Value | $522,291 |
Housing Distribution
Address Breakdown
Residential
16,253
Single Family
116
Multi-Family
16,137
Businesses
568
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