96 Arden St APT 6KNew 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 96 Arden St APT 6K, New York, NY, 10040 priced at $399,000 converts $2,667/mo rent into after a $1,953/mo obligation. Total monthly income equals $2,667/mo. Return on cash invested prints 11.07% in year one, and rental yield reads 8.02% against a $399,000 entry. Equity gained on principal adds $2,575/yr, while 5% annual appreciation compiles into $110,236 by year five. Five-year ROI reaches 59.29% and total cumulative return in cash sums $78,422. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,667/mo property income covering a $1,953/mo payment, not borrower’s personal income.
Condo
Built in 1925
N/A lot
$N/A/sqft
$977 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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