531 E 83rd St APT 2ANew YorkNY10028
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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 531 E 83rd St APT 2A, New York, NY, 10028 uses $197,071 cash to close to unlock $9,441/yr annual cash flow and $787/mo monthly cash flow. Total monthly income runs $4,787/mo, and a $2,932/mo payment keeps the spread at $787/mo. Purchase price stands at $599,000, and rental yield measures 9.59% with $4,787/mo rent. Return on cash invested shows 24.85% in year one, and 5% annual appreciation builds toward $165,493 over five years. Five-year ROI reaches 129.95% and total cumulative return in cash records $256,102. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,787/mo property income covering a $2,932/mo payment rather than investor’s personal income.
Condo
Built in 1915
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 10028, New York, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 32,095 (100%) |
| Owner Occupied HU | 9,665 (30.1%) |
| Renter Occupied HU | 18,906 (58.9%) |
| Vacant Housing Units | 3,524 (11.0%) |
| Median Home Value | $1,425,000 |
| Average Home Value | $1,438,888 |
Housing Distribution
Address Breakdown
Residential
24,985
Single Family
285
Multi-Family
24,700
Businesses
1,338
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