547 W 47th St #523New 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
Rental property for sale in New York at 547 W 47th St #523, New York, NY, 10036 generates $3,743/mo in rent, after a $5,066/mo payment. Total monthly income is $3,743/mo. Return on cash invested sits at 9.03% in year one, and rental yield is 4.34% on a $1,035,000 entry. Equity gained on principal adds $6,679/yr, while 5% annual appreciation builds toward $285,951 over five years. Five-year ROI reaches 45.07% and total cumulative return in cash sums $151,152. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,743/mo property income rather than buyer’s personal income.
Condo
Built in 2022
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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