522 W 29th St APT 2BNew YorkNY10001
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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 522 W 29th St APT 2B, New York, NY, 10001 uses $312,408 cash to close to unlock $159,291/yr annual cash flow and $13,274/mo monthly cash flow. Total monthly income runs $24,536/mo, and a $4,648/mo payment keeps the spread at $13,274/mo. Purchase price stands at $949,567, and rental yield measures 31.01% with $24,536/mo rent. Return on cash invested shows 71.05% in year one, and 5% annual appreciation builds toward $262,348 over five years. Five-year ROI reaches 384.55% and total cumulative return in cash records $1,201,366. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $24,536/mo property income covering a $4,648/mo payment rather than investor’s personal income.
Condo
Built in 2017
0.34 Acres lot
$N/A/sqft
$1,987 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 10001, New York, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,863 (100%) |
| Owner Occupied HU | 3,468 (17.5%) |
| Renter Occupied HU | 13,783 (69.4%) |
| Vacant Housing Units | 2,612 (13.2%) |
| Median Home Value | $797,546 |
| Average Home Value | $997,143 |
Housing Distribution
Address Breakdown
Residential
18,242
Single Family
154
Multi-Family
18,088
Businesses
5,930
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