505 W 47th St #3DSNew YorkNY10036
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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 505 W 47th St #3DS, New York, NY, 10036 uses $195,755 cash to close to unlock $827/yr annual cash flow and $69/mo monthly cash flow. Total monthly income runs $4,042/mo, and a $2,912/mo payment keeps the spread at $69/mo. Purchase price stands at $595,000, and rental yield measures 8.15% with $4,042/mo rent. Return on cash invested shows 20.48% in year one, and 5% annual appreciation builds toward $164,388 over five years. Five-year ROI reaches 106.52% and total cumulative return in cash records $208,514. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,042/mo property income covering a $2,912/mo payment rather than investor’s personal income.
Condo
Built in 2008
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 10036, New York, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,094 (100%) |
| Owner Occupied HU | 1,821 ( 8.2%) |
| Renter Occupied HU | 17,192 (77.8%) |
| Vacant Housing Units | 3,081 (13.9%) |
| Median Home Value | $1,328,629 |
| Average Home Value | $1,335,710 |
Housing Distribution
Address Breakdown
Residential
21,186
Single Family
110
Multi-Family
21,076
Businesses
5,329
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