457 W 57th St #1512New YorkNY10019
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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 457 W 57th St #1512, New York, NY, 10019 uses $115,694 cash to close to unlock $1,735/yr annual cash flow and $145/mo monthly cash flow. Total monthly income runs $2,475/mo, and a $1,708/mo payment keeps the spread at $145/mo. Purchase price stands at $349,000, and rental yield measures 8.51% with $2,475/mo rent. Return on cash invested shows 21.41% in year one, and 5% annual appreciation builds toward $96,422 over five years. Five-year ROI reaches 111.53% and total cumulative return in cash records $129,036. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,475/mo property income covering a $1,708/mo payment rather than investor’s personal income.
Condo
Built in 1930
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 10019, New York, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 35,231 (100%) |
| Owner Occupied HU | 4,717 (13.4%) |
| Renter Occupied HU | 24,438 (69.4%) |
| Vacant Housing Units | 6,076 (17.2%) |
| Median Home Value | $962,650 |
| Average Home Value | $1,201,466 |
Housing Distribution
Address Breakdown
Residential
31,630
Single Family
93
Multi-Family
31,537
Businesses
3,077
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