505 W 47th St #5BSNew YorkNY10036
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 #5BS, New York, NY, 10036 uses $205,625 cash to close to unlock $12,545/yr annual cash flow and $1,045/mo monthly cash flow. Total monthly income runs $5,888/mo, and a $3,059/mo payment keeps the spread at $1,045/mo. Purchase price stands at $625,000, and rental yield measures 11.3% with $5,888/mo rent. Return on cash invested shows 26.16% in year one, and 5% annual appreciation builds toward $172,676 over five years. Five-year ROI reaches 138.4% and total cumulative return in cash records $284,593. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $5,888/mo property income covering a $3,059/mo payment rather than investor’s personal income.
Condo
Built in 2008
N/A lot
$N/A/sqft
$669 monthly 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices