785 Park Ave #16ENew YorkNY10021
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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
Investment property for sale in New York at 785 Park Ave #16E, New York, NY, 10021 earns from $14,999/mo rent with a $9,716/mo payment. Total monthly income totals $14,999/mo. ROI tracks 10.78% on current figures, and rental yield reads 9.07% at a $1,985,000 purchase. Equity gained on principal adds $12,809/yr, and 5% annual appreciation supports $548,419 over five years. Five-year ROI reaches 59.1% and total cumulative return in cash sums $380,114. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $14,999/mo property income instead of your personal income.
Condo
Built in 1940
N/A lot
$N/A/sqft
$6,883 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 10021, New York, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 28,344 (100%) |
| Owner Occupied HU | 10,240 (36.1%) |
| Renter Occupied HU | 14,054 (49.6%) |
| Vacant Housing Units | 4,050 (14.3%) |
| Median Home Value | $1,615,914 |
| Average Home Value | $1,531,995 |
Housing Distribution
Address Breakdown
Residential
23,098
Single Family
421
Multi-Family
22,677
Businesses
1,644
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