62 W 87th St APT 3R, New York, NY, 10024 | 6.46% Rental Yield

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62 W 87th St APT 3R, New York, NY, 10024 | 6.46% Rental Yield | Ziffy

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NMLS #2625701

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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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Investment Highlights

Total monthly income runs $4,040/mo, and a $3,671/mo payment. Purchase price stands at $750,000, and rental yield measures 6.46% with $4,040/mo rent. Return on cash invested shows 9.19% in year one, and 5% annual appreciation builds toward $207,211 over five years. Five-year ROI reaches 48.2% and total cumulative return in cash records $118,938. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,040/mo property income covering a $3,671/mo payment rather than investor’s personal income.

Condo

Built in 1910

N/A lot

$N/A/sqft

$1,267 monthly HOA

More details about the property

Welcome to your south-facing brownstone apartment, just half a block from Central Park. This charming studio features a 300-square-foot private outdoor terrace, a wood-burning fireplace, and a glasshouse office atrium. The open kitchen includes a full-sized dishwasher and ample counter and storage space. With soaring high ceilings, abundant natural light, and an updated bathroom, this apartment is a must-see! Conveniently located near major subway lines: 1, C, B.

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