66 Clinton St APT 6BNew YorkNY10002
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayAt a 3.74% gross rental yield, 66 Clinton St APT 6B, New York, NY, 10002 in New York is priced for capital growth, not immediate cash flow. The $1,600,000 purchase reflects market confidence in future value: at 5%/yr, the property is forecast to gain $442,051 by year five, with $14,736/yr in additional equity from loan paydown. Ziffy Mortgage's DSCR mortgage (0.69) qualifies for non-U.S. residents without personal income documents. Total five-year projected cumulative return: $243,434.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 3.7% | 4.8% |
| Monthly Cash Flow | $(7,422) | $28,500 |
City averages based on New York market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $4,987 |
| Total Monthly Debt Service | $10,048 |
| DSCR Ratio | 0.50x |
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 2022
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 10002, New York, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 40,854 (100%) |
| Owner Occupied HU | 6,264 (15.3%) |
| Renter Occupied HU | 31,158 (76.3%) |
| Vacant Housing Units | 3,432 ( 8.4%) |
| Median Home Value | $821,930 |
| Average Home Value | $952,686 |
Housing Distribution
Address Breakdown
Residential
38,568
Single Family
2,061
Multi-Family
36,507
Businesses
2,805
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 2022
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 10002, New York, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 40,854 (100%) |
| Owner Occupied HU | 6,264 (15.3%) |
| Renter Occupied HU | 31,158 (76.3%) |
| Vacant Housing Units | 3,432 ( 8.4%) |
| Median Home Value | $821,930 |
| Average Home Value | $952,686 |
Housing Distribution
Address Breakdown
Residential
38,568
Single Family
2,061
Multi-Family
36,507
Businesses
2,805
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices