689 Fort Washington Ave APT 4BNew YorkNY10040
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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
Investment Highlights
Rental property for sale in New York at 689 Fort Washington Ave APT 4B, New York, NY, 10040 priced at $425,000 converts $2,384/mo rent into after a $2,080/mo obligation. Total monthly income equals $2,384/mo. Return on cash invested prints 7.45% in year one, and rental yield reads 6.73% against a $425,000 entry. Equity gained on principal adds $2,742/yr, while 5% annual appreciation compiles into $117,420 by year five. Five-year ROI reaches 39.81% and total cumulative return in cash sums $56,081. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,384/mo property income covering a $2,080/mo payment, not borrower’s personal income.
Condo
Built in 1928
N/A lot
$N/A/sqft
$1,009 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 10040, New York, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,674 (100%) |
| Owner Occupied HU | 1,923 (10.9%) |
| Renter Occupied HU | 14,568 (82.4%) |
| Vacant Housing Units | 1,183 ( 6.7%) |
| Median Home Value | $525,000 |
| Average Home Value | $522,291 |
Housing Distribution
Address Breakdown
Residential
16,253
Single Family
116
Multi-Family
16,137
Businesses
568
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