515 E 89th St #4LMNew YorkNY10128
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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
Rental property for sale in New York at 515 E 89th St #4LM, New York, NY, 10128 offers $10,340/mo rent that, after a $6,240/mo payment. Total monthly income is $10,340/mo. Return on cash invested measures 13.27% in year one, and rental yield stands at 9.73% at a $1,275,000 entry. Equity gained on principal adds $8,227/yr while 5% annual appreciation compounds into $352,259 by year five. Five-year ROI records 72.32% and total cumulative return in cash reaches $298,742. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $10,340/mo property income versus a $6,240/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 1942
N/A lot
$N/A/sqft
$4,269 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 10128, New York, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 34,000 (100%) |
| Owner Occupied HU | 10,217 (30.0%) |
| Renter Occupied HU | 20,689 (60.8%) |
| Vacant Housing Units | 3,094 ( 9.1%) |
| Median Home Value | $1,343,678 |
| Average Home Value | $1,415,704 |
Housing Distribution
Address Breakdown
Residential
32,173
Single Family
430
Multi-Family
31,743
Businesses
1,113
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