59 Morningside Ave #5SNew YorkNY10027
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash Flow59 Morningside Ave #5S, New York, NY, 10027 in New York is a top-tier cash-flow asset. At $830,000 it produces $7,824/mo in rent and $1,101/mo in net monthly income, a 11.31% gross rental yield. The DSCR of 1.99 qualifies for Ziffy Mortgage's DSCR loan without W-2s or U.S. credit history. Annual cash flow: $13,217. Five-year appreciation adds $229,314, driving a total cumulative return of $447,657.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.3% | 4.8% |
| Monthly Cash Flow | $1,101 | $28,500 |
City averages based on New York market data in our database. Property projections are estimates.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $7,824 |
| Total Monthly Debt Service | $5,415 |
| DSCR Ratio | 1.44x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.5% rate / 30-yr fixed, 25% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1987
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 10027, New York, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 28,400 (100%) |
| Owner Occupied HU | 3,911 (13.8%) |
| Renter Occupied HU | 22,251 (78.3%) |
| Vacant Housing Units | 2,238 ( 7.9%) |
| Median Home Value | $811,564 |
| Average Home Value | $1,055,089 |
Housing Distribution
Address Breakdown
Residential
25,725
Single Family
655
Multi-Family
25,070
Businesses
1,262
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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
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