480 Park Ave APT 12HManhattanNY10022
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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 Manhattan at 480 Park Ave APT 12H, Manhattan, NY, 10022 uses $262,871 cash to close to unlock $853/yr annual cash flow and $71/mo monthly cash flow. Total monthly income runs $8,140/mo, and a $3,911/mo payment keeps the spread at $71/mo. Purchase price stands at $799,000, and rental yield measures 12.23% with $8,140/mo rent. Return on cash invested shows 20.38% in year one, and 5% annual appreciation builds toward $220,749 over five years. Five-year ROI reaches 110.54% and total cumulative return in cash records $290,586. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $8,140/mo property income covering a $3,911/mo payment rather than investor’s personal income.
Condo
Built in 1929
N/A lot
$N/A/sqft
$2,733 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 10022, New York, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 27,279 (100%) |
| Owner Occupied HU | 11,002 (40.3%) |
| Renter Occupied HU | 11,015 (40.4%) |
| Vacant Housing Units | 5,262 (19.3%) |
| Median Home Value | $1,223,949 |
| Average Home Value | $1,331,078 |
Housing Distribution
Address Breakdown
Residential
18,774
Single Family
271
Multi-Family
18,503
Businesses
3,725
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