48 W 138th St APT 3FNew YorkNY10037
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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 48 W 138th St APT 3F, New York, NY, 10037 offers a 9.68% rental yield on a $310,000 purchase with $2,500/mo rent. Total monthly income registers $2,500/mo, and a $1,517/mo payment leaves $69/mo available for distribution. Annual cash flow reaches $831/yr on $102,765 to close, and return on cash invested stands at 20.72% in year one. Equity gained on principal adds $2,000/yr while 5% annual appreciation supports $85,647 over five years. Portfolio math shows five-year ROI at 109.39% and total cumulative return in cash at $112,411. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,500/mo property income against a $1,517/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1940
N/A lot
$N/A/sqft
$332 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 10037, New York, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,106 (100%) |
| Owner Occupied HU | 798 ( 7.9%) |
| Renter Occupied HU | 8,639 (85.5%) |
| Vacant Housing Units | 669 ( 6.6%) |
| Median Home Value | $454,592 |
| Average Home Value | $688,279 |
Housing Distribution
Address Breakdown
Residential
10,127
Single Family
60
Multi-Family
10,067
Businesses
346
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