47-49 Morton St APT 2ANew YorkNY10014
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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 47-49 Morton St APT 2A, New York, NY, 10014 priced at $412,500 converts $11,036/mo rent into $7,435/mo cash flow after a $2,019/mo obligation. Total monthly income equals $11,036/mo, and annual cash flow totals $89,225/yr on $136,744 invested. Return on cash invested prints 85.16% in year one, and rental yield reads 32.1% against a $412,500 entry. Equity gained on principal adds $2,662/yr, while 5% annual appreciation compiles into $113,966 by year five. Five-year ROI reaches 456.09% and total cumulative return in cash sums $623,668. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $11,036/mo property income covering a $2,019/mo payment, not borrower’s personal income.
Condo
Built in 1926
N/A lot
$N/A/sqft
$846 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 10014, New York, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,730 (100%) |
| Owner Occupied HU | 5,412 (24.9%) |
| Renter Occupied HU | 13,475 (62.0%) |
| Vacant Housing Units | 2,843 (13.1%) |
| Median Home Value | $1,392,361 |
| Average Home Value | $1,447,235 |
Housing Distribution
Address Breakdown
Residential
21,224
Single Family
782
Multi-Family
20,442
Businesses
1,845
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