48 W 138th St APT 3KNew 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 3K, New York, NY, 10037 offers a 8.21% rental yield on a $426,500 purchase with $2,918/mo rent. 93% in year one. Equity gained on principal adds $2,752/yr while 5% annual appreciation supports $117,834 over five years. Portfolio math shows five-year ROI at 83.82% and total cumulative return in cash at $118,508. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,918/mo property income against a $2,088/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
$489 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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