215 E 24th St APT 602New YorkNY10010
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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
Investment Highlights
Investment property for sale in New York at 215 E 24th St APT 602, New York, NY, 10010 uses $246,750 cash to close to unlock $4,602/yr annual cash flow and $384/mo monthly cash flow. Total monthly income runs $5,392/mo, and a $3,671/mo payment keeps the spread at $384/mo. Purchase price stands at $750,000, and rental yield measures 8.63% with $5,392/mo rent. Return on cash invested shows 21.93% in year one, and 5% annual appreciation builds toward $207,211 over five years. Five-year ROI reaches 114.27% and total cumulative return in cash records $281,958. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $5,392/mo property income covering a $3,671/mo payment rather than investor’s personal income.
Condo
Built in 1976
N/A lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
19,396
Single Family
111
Multi-Family
19,285
Businesses
2,475
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