103 Lenox Ave UNIT 2C, New York, NY, 10026 | $571/mo Cash Flow

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103 Lenox Ave UNIT 2C, New York, NY, 10026 | $571/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in New York at 103 Lenox Ave UNIT 2C, New York, NY, 10026 with 5% annual appreciation on a $495,000 basis while $4,440/mo rent supports operations. Total monthly income totals $4,440/mo and a $2,423/mo payment preserves $571/mo for cash returns. Annual cash flow comes to $6,855/yr on $164,093 deployed, and return on cash invested reaches 24.09% in year one. Equity gained on principal adds $3,194/yr, and five-year appreciation sums $136,759 alongside rental yield of 10.76%. Five-year ROI measures 127.39% and total cumulative return in cash totals $209,038.

Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $4,440/mo property income versus a $2,423/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.

Condo

Built in 1920

N/A lot

$N/A/sqft

$563 monthly HOA

More details about the property

Discover this bright and sun-filled 2-bedroom, 1-bath corner apartment with triple exposures, nestled in a charming pre-war HDFC Co-op in the heart of vibrant West Harlem. The apartment offers serene views of lush trees and boasts spacious, well-proportioned rooms throughout. The oversized, double-windowed eat-in kitchen that could conformably fit a dinning table. While the large windowed bathroom adds a touch of luxury. With ample storage options, including a walk-in closet, linen, and coat closets, plus elegant hardwood floors throughout, this home is both functional and stylish. The incredibly low monthly maintenance of $563 covers real estate taxes, water, and heat. The Stratford is a financially sound, well-managed HDFC Co-op, offering a smoke-free environment. Building amenities include an elevator, spotless and spacious hallways, daily maintenance services from a live-in superintendent and porter, a new video intercom system, and a community bike room. While in-unit washer/dryers are not permitted, the building offers a convenient communal laundry room on the first floor. Dishwashers are allowed with board approval, and pets are welcome under the Co-op's "pet-friendly" policy. Income eligibility guidelines are based on 120% of the AMI, with a maximum income of $112,080 for one person, $128,160 for two, $144,120 for three, and $160,080 for four. The flip tax is 30% of gross resale profit, which goes back into the Co-op's reserves. Situated just four blocks from Central Park, Morningside Park, and Marcus Garvey Park, this location is ideal for nature lovers and urban dwellers alike. It's also steps from the 116th Street express 2/3 train, as well as the B/C and 6 subway lines. You'll find CVS, Trader Joes, Whole Foods, and an array of trendy cafes and restaurants nearby.

Neighborhood Data

Neighborhood data shown for ZIP Code: 10026, New York, NY area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	17,540 (100%)
Owner Occupied HU	3,184 (18.2%)
Renter Occupied HU	13,084 (74.6%)
Vacant Housing Units	1,272 ( 7.3%)
Median Home Value	$1,037,960
Average Home Value	$1,157,201