74 W 68th St APT 7FNew YorkNY10023
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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 74 W 68th St APT 7F, New York, NY, 10023 generates $5,722/mo in rent, after a $3,916/mo payment. Total monthly income is $5,722/mo. Return on cash invested sits at 13.69% in year one, and rental yield is 8.58% on a $800,000 entry. Equity gained on principal adds $5,162/yr, while 5% annual appreciation builds toward $221,025 over five years. Five-year ROI reaches 73.06% and total cumulative return in cash sums $192,296. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $5,722/mo property income rather than buyer’s personal income.
Condo
Built in 1924
N/A lot
$N/A/sqft
$1,776 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 10023, New York, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 44,765 (100%) |
| Owner Occupied HU | 13,628 (30.4%) |
| Renter Occupied HU | 23,478 (52.4%) |
| Vacant Housing Units | 7,659 (17.1%) |
| Median Home Value | $1,614,455 |
| Average Home Value | $1,528,815 |
Housing Distribution
Address Breakdown
Residential
39,952
Single Family
230
Multi-Family
39,722
Businesses
1,615
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