7 Park Ave APT 9CNew YorkNY10016
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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 7 Park Ave APT 9C, New York, NY, 10016 priced at $325,000 converts $2,335/mo rent into $164/mo cash flow after a $1,591/mo obligation. Total monthly income equals $2,335/mo, and annual cash flow totals $1,973/yr on $107,738 invested. Return on cash invested prints 21.74% in year one, and rental yield reads 8.62% against a $325,000 entry. Equity gained on principal adds $2,097/yr, while 5% annual appreciation compiles into $89,792 by year five. Five-year ROI reaches 113.32% and total cumulative return in cash sums $122,089. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,335/mo property income covering a $1,591/mo payment, not borrower’s personal income.
Condo
Built in 1923
N/A lot
$N/A/sqft
No 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
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