501 3rd Ave #3ANew YorkNY10016
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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 501 3rd Ave #3A, New York, NY, 10016 offers a 10.5% rental yield on a $985,000 purchase with $8,620/mo rent. Total monthly income registers $8,620/mo, and a $4,821/mo payment leaves $998/mo available for distribution. Annual cash flow reaches $11,981/yr on $324,065 to close, and return on cash invested stands at 23.76% in year one. Equity gained on principal adds $6,356/yr while 5% annual appreciation supports $272,137 over five years. Portfolio math shows five-year ROI at 125.5% and total cumulative return in cash at $406,690. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $8,620/mo property income against a $4,821/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2021
N/A lot
$N/A/sqft
$1,044 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 10016, New York, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 41,052 (100%) |
| Owner Occupied HU | 8,730 (21.3%) |
| Renter Occupied HU | 26,763 (65.2%) |
| Vacant Housing Units | 5,559 (13.5%) |
| Median Home Value | $1,031,364 |
| Average Home Value | $1,209,032 |
Housing Distribution
Address Breakdown
Residential
37,372
Single Family
320
Multi-Family
37,052
Businesses
3,608
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