88 Greenwich St APT 1013New YorkNY10006
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowIf cash-on-cash performance is your primary filter, 88 Greenwich St APT 1013, New York, NY, 10006 in New York deserves attention. This $637,500 property earns $6,910/mo in rent, a 13.01% gross yield, and nets $1,669/mo after the $2,867/mo payment. DSCR 2.41 makes it one of the cleaner DSCR underwriting candidates Ziffy Mortgage sees in this market. Five-year appreciation of $176,130 compounds alongside $5,871/yr in yearly equity build, for a total cumulative return of $354,826.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 13% | 4.8% |
| Monthly Cash Flow | $1,669 | $28,500 |
City averages based on New York market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $6,910 |
| Total Monthly Debt Service | $4,986 |
| DSCR Ratio | 1.39x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, 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 1929
N/A lot
$N/A/sqft
$983 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 10006, New York, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,605 (100%) |
| Owner Occupied HU | 306 (11.7%) |
| Renter Occupied HU | 1,922 (73.8%) |
| Vacant Housing Units | 377 (14.5%) |
| Median Home Value | $1,093,023 |
| Average Home Value | $1,164,624 |
Housing Distribution
Address Breakdown
Residential
2,816
Single Family
4
Multi-Family
2,812
Businesses
542
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 1929
N/A lot
$N/A/sqft
$983 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 10006, New York, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,605 (100%) |
| Owner Occupied HU | 306 (11.7%) |
| Renter Occupied HU | 1,922 (73.8%) |
| Vacant Housing Units | 377 (14.5%) |
| Median Home Value | $1,093,023 |
| Average Home Value | $1,164,624 |
Housing Distribution
Address Breakdown
Residential
2,816
Single Family
4
Multi-Family
2,812
Businesses
542
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices