22 Grove St APT 4A, New York, NY, 10014 | $588/mo Cash Flow

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22 Grove St APT 4A, New York, NY, 10014 | $588/mo Cash Flow | Ziffy

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Ziffy Mortgage

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 22 Grove St APT 4A, New York, NY, 10014 priced at $795,000 converts $7,079/mo rent into $588/mo cash flow after a $3,891/mo obligation. Total monthly income equals $7,079/mo, and annual cash flow totals $7,059/yr on $261,555 invested. Return on cash invested prints 22.76% in year one, and rental yield reads 10.69% against a $795,000 entry. Equity gained on principal adds $5,130/yr, while 5% annual appreciation compiles into $219,644 by year five. Five-year ROI reaches 120.71% and total cumulative return in cash sums $315,730. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $7,079/mo property income covering a $3,891/mo payment, not borrower’s personal income.

Condo

Built in 1930

N/A lot

$N/A/sqft

$1,182 monthly HOA

More details about the property

Buyer's broker receives 3% from owner/broker. Grove Street is quite a historic block dating back to stories of Abraham Lincoln and Thomas Paine; and among the most charming in the West Village. The A-line is rarely available. Only one has changed hands in the last 20 years. The flat has an open, large studio layout, divided by an alcove arch into a large main room and a foyer. There are many original details of the pre-war era here from the high ceilings, the Tudor-style stucco walls, original glass door knobs, cherry inlaid wood floors, decorative fireplace, and porcelain tiles in the bath. The view is northwest onto Grove Street at tree-line, with an enchanting view of the oldest wood-frame house in the Village. The building allows pied-a-terres, co-purchasing, guarantors, and subletting. There is a laundry room and elevator. Transportation to any other part of town is a short distance away. Fine dining can be found in every direction. There is also the lovely river walk along the Hudson nearby, where one can see the Statue of Liberty and the cityscape.

Neighborhood Data

Neighborhood data shown for ZIP Code: 10014, New York, NY area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	21,730 (100%)
Owner Occupied HU	5,412 (24.9%)
Renter Occupied HU	13,475 (62.0%)
Vacant Housing Units	2,843 (13.1%)
Median Home Value	$1,392,361
Average Home Value	$1,447,235