124 W 24th St APT 5C, New York, NY, 10011 | 7.57% Rental Yield

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124 W 24th St APT 5C, New York, NY, 10011 | 7.57% 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 124 W 24th St APT 5C, New York, NY, 10011 generates $12,583/mo in rent, after a $9,765/mo payment. Total monthly income is $12,583/mo. Return on cash invested sits at 17.11% in year one, and rental yield is 7.57% on a $1,995,000 entry. Equity gained on principal adds $12,873/yr, while 5% annual appreciation builds toward $551,182 over five years. Five-year ROI reaches 89.08% and total cumulative return in cash sums $575,769. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $12,583/mo property income rather than buyer’s personal income.

Condo

Built in 1920

N/A lot

$N/A/sqft

$1,016 monthly HOA

More details about the property

Spacious and bright corner condominium loft at the nexus of Chelsea, Flatiron, and NoMad areas. South and East exposures with seven oversized oak tilt-and-turn casement windows. Original details include exposed brick, beams, and unique columns hearkening back to the building's origins as a livery factory. Central Air Conditioning. Three large customized closets. One bedroom, easily convertible to two bedrooms. Two full baths. Open kitchen with island has high end appliances and there is a washer and dryer within the apartment. Very private, but very convenient to shopping, transportation, dining, and recreation. Near Whole Foods, Madison Square Park, Eataly, Trader Joe's, and multiple subway lines, bus routes and Citibike stations. Video intercom and key-locked elevator. Full-time super. Roof deck. Pets allowed for owners.

Neighborhood Data

Neighborhood data shown for ZIP Code: 10011, New York, NY area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	34,957 (100%)
Owner Occupied HU	10,815 (30.9%)
Renter Occupied HU	19,813 (56.7%)
Vacant Housing Units	4,329 (12.4%)
Median Home Value	$1,184,111
Average Home Value	$1,321,727