550 W 29th St #7ANew YorkNY10001
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 550 W 29th St #7A, New York, NY, 10001 offers a 25.84% rental yield on a $1,116,404 purchase with $24,040/mo rent. Total monthly income registers $24,040/mo, and a $5,464/mo payment leaves $9,578/mo available for distribution. Annual cash flow reaches $114,939/yr on $361,715 to close, and return on cash invested stands at 52.15% in year one. Equity gained on principal adds $7,204/yr while 5% annual appreciation supports $308,442 over five years. Portfolio math shows five-year ROI at 284.7% and total cumulative return in cash at $1,029,802. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $24,040/mo property income against a $5,464/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2016
N/A lot
$N/A/sqft
$3,305 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices