57 Reade St APT 9ENew YorkNY10007
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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 57 Reade St APT 9E, New York, NY, 10007 projects strong ROI of 10.82%. Rental yield 6.05%. With 5% annual appreciation, the property builds $552,563 in value over five years. Equity growth combined delivers a projected five-year ROI of 55.95%, translating into $362,551 in total cumulative return on $648,000 invested capital. You can finance this property with Ziffy Mortgage’s DSCR loan, which leverages the property’s income for qualification rather than your personal income.
Condo
Built in 2010
N/A lot
$N/A/sqft
$1,885 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 10007, New York, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,044 (100%) |
| Owner Occupied HU | 1,410 (28.0%) |
| Renter Occupied HU | 3,001 (59.5%) |
| Vacant Housing Units | 633 (12.5%) |
| Median Home Value | $1,607,143 |
| Average Home Value | $1,583,307 |
Housing Distribution
Address Breakdown
Residential
4,089
Single Family
14
Multi-Family
4,075
Businesses
1,149
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