577 Grand St APT F1407ManhattanNY10002
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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 Manhattan at 577 Grand St APT F1407, Manhattan, NY, 10002 generates $7,930/mo in rent and, after a $4,547/mo payment, leaves $1,726/mo in cash flow. Total monthly income is $7,930/mo, and annual cash flow is $20,715/yr on $305,641 invested. Return on cash invested sits at 26.84% in year one, and rental yield is 10.24% on a $929,000 entry. Equity gained on principal adds $5,995/yr, while 5% annual appreciation builds toward $256,666 over five years. Five-year ROI reaches 140.62% and total cumulative return in cash sums $429,788. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $7,930/mo property income rather than buyer’s personal income.
Condo
Built in 1955
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 10002, New York, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 40,854 (100%) |
| Owner Occupied HU | 6,264 (15.3%) |
| Renter Occupied HU | 31,158 (76.3%) |
| Vacant Housing Units | 3,432 ( 8.4%) |
| Median Home Value | $821,930 |
| Average Home Value | $952,686 |
Housing Distribution
Address Breakdown
Residential
38,568
Single Family
2,061
Multi-Family
36,507
Businesses
2,805
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