61 W 62nd St APT 5FNew YorkNY10023
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 61 W 62nd St APT 5F, New York, NY, 10023 uses $271,425 cash to close to unlock $8,625/yr annual cash flow and $719/mo monthly cash flow. Total monthly income runs $6,228/mo, and a $4,038/mo payment keeps the spread at $719/mo. Purchase price stands at $825,000, and rental yield measures 9.06% with $6,228/mo rent. Return on cash invested shows 23.24% in year one, and 5% annual appreciation builds toward $227,932 over five years. Five-year ROI reaches 121.31% and total cumulative return in cash records $329,253. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $6,228/mo property income covering a $4,038/mo payment rather than investor’s personal income.
Condo
Built in 1981
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 10023, New York, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 44,765 (100%) |
| Owner Occupied HU | 13,628 (30.4%) |
| Renter Occupied HU | 23,478 (52.4%) |
| Vacant Housing Units | 7,659 (17.1%) |
| Median Home Value | $1,614,455 |
| Average Home Value | $1,528,815 |
Housing Distribution
Address Breakdown
Residential
39,952
Single Family
230
Multi-Family
39,722
Businesses
1,615
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices