145 E 29th St APT 2D, New York, NY, 10016 | $1,414/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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145 E 29th St APT 2D, New York, NY, 10016 | $1,414/mo Cash Flow | Ziffy

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NMLS #2625701

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145 E 29th St APT 3E, New York, NY, 10016

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 145 E 29th St APT 2D, New York, NY, 10016 generates $5,033/mo in rent and, after a $1,953/mo payment, leaves $1,414/mo in cash flow. Total monthly income is $5,033/mo, and annual cash flow is $16,973/yr on $132,269 invested. Return on cash invested sits at 32.74% in year one, and rental yield is 15.14% on a $399,000 entry. Equity gained on principal adds $2,575/yr, while 5% annual appreciation builds toward $110,236 over five years. Five-year ROI reaches 175.44% and total cumulative return in cash sums $232,046. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $5,033/mo property income rather than buyer’s personal income.

Condo

Built in 1965

N/A lot

$N/A/sqft

$954 monthly HOA

More details about the property

This is a lovely spacious studio in the heart of Kips Bay, where classic charm meets modern convenience. The apartment boasts a distinctive sunken living room, perfect for entertaining or unwinding after a long day. The open eat-in kitchen offers ample counter space and stainless steel appliances including a Frigidaire dishwasher. The oversized dimensions of this unit offer several possibilities for a separate sleeping and dining area. Overlooking a serene common garden, this residence provides a peaceful retreat from the city's hustle and bustle. Set within a six-story Art Deco elevator building, with a live-in super and central laundry prime location near the vibrant shops, cafes, and dining options along both 3rd and Lexington Avenues, you'll have everything you need right at your doorstep including Eataly, Trader Joe's and Madison Square Park! Quiet and understated, this charming building offers great value in the downtown market. Pets allowed upon approval. Pieds-a-terre, guarantors, co-purchasing allowed.

Neighborhood Data

Neighborhood data shown for ZIP Code: 10016, New York, NY area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	41,052 (100%)
Owner Occupied HU	8,730 (21.3%)
Renter Occupied HU	26,763 (65.2%)
Vacant Housing Units	5,559 (13.5%)
Median Home Value	$1,031,364
Average Home Value	$1,209,032