61 Morningside Ave APT 2ManhattanNY10027
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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 61 Morningside Ave APT 2, Manhattan, NY, 10027 priced at $450,000 converts $2,835/mo rent into after a $2,203/mo obligation. Total monthly income equals $2,835/mo. Return on cash invested prints 9.85% in year one, and rental yield reads 7.56% against a $450,000 entry. Equity gained on principal adds $2,904/yr, while 5% annual appreciation compiles into $124,327 by year five. Five-year ROI reaches 52.69% and total cumulative return in cash sums $78,606. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,835/mo property income covering a $2,203/mo payment, not borrower’s personal income.
Condo
Built in 1901
N/A lot
$N/A/sqft
$1,080 monthly 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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