121 E 23rd St APT 4H, New York, NY, 10010 | 8.95% Rental Yield

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Price: $300K - 500K

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121 E 23rd St APT 4H, New York, NY, 10010 | 8.95% Rental Yield | 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 121 E 23rd St APT 4H, New York, NY, 10010 generates $5,959/mo in rent, after a $3,911/mo payment. Total monthly income is $5,959/mo. Return on cash invested sits at 18.44% in year one, and rental yield is 8.95% on a $799,000 entry. Equity gained on principal adds $5,156/yr, while 5% annual appreciation builds toward $220,749 over five years. Five-year ROI reaches 97.21% and total cumulative return in cash sums $255,534. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $5,959/mo property income rather than buyer’s personal income.

Condo

Built in 2004

N/A lot

$N/A/sqft

$978 monthly HOA

More details about the property

One-Bedroom Oasis in Gramercy Park and Flatiron This exceptional 1-bedroom condo offers the perfect blend of style, space, and location. Nestled within a prestigious condominium building, it provides a rare opportunity to experience the vibrant amenities of the Gramercy/Flatiron areas. Step inside to a spacious living room with 9-foot ceilings, bathed in natural light from its oversized windows. The well-appointed kitchen features granite counters, stainless steel appliances, and a breakfast bar, making it ideal for entertaining. The bedroom offers ample closet space, and the bathroom boasts luxurious marble finishes. Enjoy the convenience of a 24-hour doorman, concierge services, fitness room, resident lounge with outdoor seating, and central laundry facility. This prime location provides easy access to renowned shopping, dining, and cultural attractions, making it the ideal choice for those seeking a modern city experience. Key Features: 9-foot ceilings Well-appointed kitchen with granite counters and stainless steel appliances Ample closet space Luxurious marble bathroom 24-hour doorman and concierge services Fitness room Resident lounge with outdoor seating Central laundry facility Prime location in Gramercy Park and Flatiron Don't miss this opportunity to experience the best of city living.

Neighborhood Data

Neighborhood data shown for ZIP Code: 10010, New York, NY area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	19,835 (100%)
Owner Occupied HU	4,675 (23.6%)
Renter Occupied HU	12,977 (65.4%)
Vacant Housing Units	2,183 (11.0%)
Median Home Value	$1,076,308
Average Home Value	$1,205,915