62 W 87th St APT 1RNew YorkNY10024
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeSolid fundamentals define the investment case at 62 W 87th St APT 1R, New York, NY, 10024 in New York: $6,636/mo in rent, $218/mo in net income, 8.29% gross yield, 1.54 DSCR, all at $961,100. Ziffy Mortgage's DSCR mortgage qualifies using the property's income alone, clearing approval without U.S. residency or credit. Five-year equity from $265,534 in appreciation and $8,852/yr in principal paydown projects total cumulative return of $380,520.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.3% | 4.8% |
| Monthly Cash Flow | $218 | $28,500 |
City averages based on New York market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $6,636 |
| Total Monthly Debt Service | $6,036 |
| DSCR Ratio | 1.10x |
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 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Apartment
Built in 1910
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 10024, New York, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 34,255 (100%) |
| Owner Occupied HU | 10,791 (31.5%) |
| Renter Occupied HU | 19,161 (55.9%) |
| Vacant Housing Units | 4,303 (12.6%) |
| Median Home Value | $1,690,841 |
| Average Home Value | $1,553,022 |
Housing Distribution
Address Breakdown
Residential
28,850
Single Family
562
Multi-Family
28,288
Businesses
1,102
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
Apartment
Built in 1910
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 10024, New York, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 34,255 (100%) |
| Owner Occupied HU | 10,791 (31.5%) |
| Renter Occupied HU | 19,161 (55.9%) |
| Vacant Housing Units | 4,303 (12.6%) |
| Median Home Value | $1,690,841 |
| Average Home Value | $1,553,022 |
Housing Distribution
Address Breakdown
Residential
28,850
Single Family
562
Multi-Family
28,288
Businesses
1,102
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices