993 Park Ave APT 1New 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
Investment property for sale in New York at 993 Park Ave APT 1, New York, NY, 10028 with 5% annual appreciation on a $739,000 basis while $11,666/mo rent supports operations. Total monthly income totals $11,666/mo and a $3,617/mo payment preserves $2,331/mo for cash returns. Annual cash flow comes to $27,973/yr on $243,131 deployed, and return on cash invested reaches 31.57% in year one. Equity gained on principal adds $4,769/yr, and five-year appreciation sums $204,172 alongside rental yield of 18.94%. Five-year ROI measures 173.85% and total cumulative return in cash totals $422,672.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $11,666/mo property income versus a $3,617/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in 1915
N/A lot
$N/A/sqft
$4,400 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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