620 Park Ave FL 2New YorkNY10065
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeInvestment property for sale in New York at 620 Park Ave FL 2, New York, NY, 10065 projects strong ROI of 19.64%. Rental yield 9.19%. With 5% annual appreciation, the property builds $1,795,554 in value over five years. Equity growth combined delivers a projected five-year ROI of 121.44%, translating into $2,229,682 in total cumulative return on $1,835,968 invested capital. You can finance this property with Ziffy Mortgage’s DSCR loan, which leverages the property’s income for qualification rather than your personal income.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.2% | 4.8% |
| Monthly Cash Flow | $(4,604) | $28,500 |
City averages based on New York market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $49,798 |
| Total Monthly Debt Service | $51,815 |
| DSCR Ratio | 0.96x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, 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.
Condo
Built in 1924
N/A lot
$N/A/sqft
$11,002 monthly HOA
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
Condo
Built in 1924
N/A lot
$N/A/sqft
$11,002 monthly HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices