575 Park Ave APT 1509New YorkNY10065
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowAt 2.16, 575 Park Ave APT 1509, New York, NY, 10065 in New York sits at the top of Ziffy Mortgage's DSCR coverage band, a significant advantage for non-U.S. buyers closing without domestic income documentation. Rental yield 11.65%. The 11.65% yield is backed by 5% annual appreciation projecting $151,955 in value gain, plus $5,066/yr in principal reduction. Total projected cumulative return: $6,198.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.7% | 4.8% |
| Monthly Cash Flow | $(3,514) | $28,500 |
City averages based on New York market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $5,341 |
| Total Monthly Debt Service | $8,636 |
| DSCR Ratio | 0.62x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1927
N/A lot
$N/A/sqft
$5,182 monthly HOA
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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
Condo
Built in 1927
N/A lot
$N/A/sqft
$5,182 monthly HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices