500 E 83rd StManhattanNY10028
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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 500 E 83rd St, Manhattan, NY, 10028 earns $42,830/mo cash flow from $60,480/mo rent with a $9,667/mo payment. Total monthly income totals $60,480/mo, and annual cash flow totals $513,959/yr on $639,900 capital. ROI tracks 100.69% on current figures, and rental yield reads 36.75% at a $1,975,000 purchase. Equity gained on principal adds $12,744/yr, and 5% annual appreciation supports $545,656 over five years. Five-year ROI reaches 539.61% and total cumulative return in cash sums $3,452,934. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $60,480/mo property income instead of your personal income.
Condo
Built in 1965
N/A lot
$N/A/sqft
$4,461 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 10028, New York, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 32,095 (100%) |
| Owner Occupied HU | 9,665 (30.1%) |
| Renter Occupied HU | 18,906 (58.9%) |
| Vacant Housing Units | 3,524 (11.0%) |
| Median Home Value | $1,425,000 |
| Average Home Value | $1,438,888 |
Housing Distribution
Address Breakdown
Residential
24,985
Single Family
285
Multi-Family
24,700
Businesses
1,338
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