11 Riverside Dr APT 1HW, New York, NY, 10023 | $1,053/mo Cash Flow

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11 Riverside Dr APT 1HW, New York, NY, 10023 | $1,053/mo Cash Flow | Ziffy

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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

Rental property for sale in New York at 11 Riverside Dr APT 1HW, New York, NY, 10023 generates $7,086/mo in rent and, after a $3,402/mo payment, leaves $1,053/mo in cash flow. Total monthly income is $7,086/mo, and annual cash flow is $12,631/yr on $228,655 invested. Return on cash invested sits at 25.58% in year one, and rental yield is 12.23% on a $695,000 entry. Equity gained on principal adds $4,485/yr, while 5% annual appreciation builds toward $192,016 over five years. Five-year ROI reaches 136.54% and total cumulative return in cash sums $312,198. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $7,086/mo property income rather than buyer’s personal income.

Condo

Built in 1950

N/A lot

$N/A/sqft

$1,392 monthly HOA

More details about the property

SPONSOR UNIT - NO BOARD APPROVAL RENOVATIONS ALMOST COMPLETE... Nestled within the iconic Schwab House, this meticulously newly renovated 530 sq ft alcove studio offers a picturesque view of Riverside Park, creating an inviting place to call home. The kitchen has undergone a complete transformation, featuring white cabinets, high-end appliances, and elegant caesarstone countertops. The bathroom showcases white subway tile, grey marble floors and brand-new fixtures. New engineered wood floors. The apartment has western exposure. Photos are virtually staged. For those seeking a charming turn-key residence on a tranquil, tree-lined street, this property is a must-see in person. Washer/dryers are not allowed in this unit. Schedule an appointment! The Schwab House at 11 Riverside Drive is a mid-century luxury cooperative that spans an entire city block and offers full services. Residents can enjoy two expansive landscaped roof decks with complimentary Wi-Fi, a fitness center, bike room, storage, parking garage, dry cleaner, and on-site management, creating a truly desirable living experience.

Neighborhood Data

Neighborhood data shown for ZIP Code: 10023, New York, NY area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	44,765 (100%)
Owner Occupied HU	13,628 (30.4%)
Renter Occupied HU	23,478 (52.4%)
Vacant Housing Units	7,659 (17.1%)
Median Home Value	$1,614,455
Average Home Value	$1,528,815