630 1st Ave APT 9ENew YorkNY10016
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
Rental property for sale in New York at 630 1st Ave APT 9E, New York, NY, 10016 generates $10,547/mo in rent and, after a $5,311/mo payment, leaves $2,114/mo in cash flow. Total monthly income is $10,547/mo, and annual cash flow is $25,369/yr on $351,540 invested. Return on cash invested sits at 27.59% in year one, and rental yield is 11.66% on a $1,085,000 entry. Equity gained on principal adds $7,001/yr, while 5% annual appreciation builds toward $299,766 over five years. Five-year ROI reaches 146.05% and total cumulative return in cash sums $513,422. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $10,547/mo property income rather than buyer’s personal income.
Condo
Built in 1984
N/A lot
$N/A/sqft
$1,187 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 10016, New York, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 41,052 (100%) |
| Owner Occupied HU | 8,730 (21.3%) |
| Renter Occupied HU | 26,763 (65.2%) |
| Vacant Housing Units | 5,559 (13.5%) |
| Median Home Value | $1,031,364 |
| Average Home Value | $1,209,032 |
Housing Distribution
Address Breakdown
Residential
37,372
Single Family
320
Multi-Family
37,052
Businesses
3,608
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices