465 W 23rd St APT 3CNew YorkNY10011
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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
Rental property for sale in New York at 465 W 23rd St APT 3C, New York, NY, 10011 generates $6,407/mo in rent, after a $4,625/mo payment. Total monthly income is $6,407/mo. Return on cash invested sits at 8.2% in year one, and rental yield is 8.14% on a $945,000 entry. Equity gained on principal adds $6,098/yr, while 5% annual appreciation builds toward $261,086 over five years. Five-year ROI reaches 45.09% and total cumulative return in cash sums $140,176. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $6,407/mo property income rather than buyer’s personal income.
Condo
Built in 1932
N/A lot
$N/A/sqft
$3,170 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 10011, New York, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 34,957 (100%) |
| Owner Occupied HU | 10,815 (30.9%) |
| Renter Occupied HU | 19,813 (56.7%) |
| Vacant Housing Units | 4,329 (12.4%) |
| Median Home Value | $1,184,111 |
| Average Home Value | $1,321,727 |
Housing Distribution
Address Breakdown
Residential
32,777
Single Family
554
Multi-Family
32,223
Businesses
2,828
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