505 E 79th St APT 10ENew YorkNY10075
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeHigh DSCR is a competitive advantage at closing. 505 E 79th St APT 10E, New York, NY, 10075 in New York achieves 1.81, rent of $4,589/mo covers the $2,541/mo payment 1.5x over at $565,000. Rental yield 9.75%. That makes it both an efficient operational hold and a straightforward underwrite for Ziffy Mortgage's DSCR program. No domestic credit history or income documentation required. Appreciation at 5%/yr adds $156,099 over five years, with $5,204/yr in principal reduction bringing total projected return to $181,859.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.8% | 4.8% |
| Monthly Cash Flow | $(619) | $28,500 |
City averages based on New York market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $4,589 |
| Total Monthly Debt Service | $4,983 |
| DSCR Ratio | 0.92x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1963
N/A lot
$N/A/sqft
$1,435 monthly HOA
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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
Condo
Built in 1963
N/A lot
$N/A/sqft
$1,435 monthly HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices