969 Park Ave APT 7ANew YorkNY10028
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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 969 Park Ave APT 7A, New York, NY, 10028 priced at $1,745,000 converts $37,556/mo rent into $21,583/mo cash flow after a $8,541/mo obligation. Total monthly income equals $37,556/mo, and annual cash flow totals $258,997/yr on $565,380 invested. Return on cash invested prints 66.18% in year one, and rental yield reads 25.83% against a $1,745,000 entry. Equity gained on principal adds $11,260/yr, while 5% annual appreciation compiles into $482,111 by year five. Five-year ROI reaches 354.85% and total cumulative return in cash sums $2,006,243. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $37,556/mo property income covering a $8,541/mo payment, not borrower’s personal income.
Condo
Built in 1911
N/A lot
$N/A/sqft
$4,320 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 10028, New York, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 32,095 (100%) |
| Owner Occupied HU | 9,665 (30.1%) |
| Renter Occupied HU | 18,906 (58.9%) |
| Vacant Housing Units | 3,524 (11.0%) |
| Median Home Value | $1,425,000 |
| Average Home Value | $1,438,888 |
Housing Distribution
Address Breakdown
Residential
24,985
Single Family
285
Multi-Family
24,700
Businesses
1,338
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