220 E 60th St APT 4G, New York, NY, 10022 | 9.06% Rental Yield

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220 E 60th St APT 4G, New York, NY, 10022 | 9.06% Rental Yield | Ziffy

For Sale

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 220 E 60th St APT 4G, New York, NY, 10022 generates $3,774/mo in rent, after a $2,447/mo payment. Total monthly income is $3,774/mo. Return on cash invested sits at 17.07% in year one, and rental yield is 9.06% on a $500,000 entry. Equity gained on principal adds $3,226/yr, while 5% annual appreciation builds toward $138,141 over five years. Five-year ROI reaches 90.42% and total cumulative return in cash sums $149,876. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,774/mo property income rather than buyer’s personal income.

Condo

Built in 1965

N/A lot

$N/A/sqft

$670 monthly HOA

More details about the property

ALSO AVAILABLE FOR RENT FOR $3295. Welcome to Residence 4G, a thoughtfully renovated studio in a full-service condominium in the vibrant Lenox Hill neighborhood. Situated just off Third Avenue, this spacious and sun-filled home combines modern finishes with classic comfort. A welcoming foyer opens into a generous living and dining area, ideal for relaxing or entertaining. Oversized south-facing windows provide abundant natural light and wide open-sky views of Midtown. The updated kitchen features contemporary cabinetry, stainless steel appliances, and ample storage. The flexible layout accommodates various living arrangements, with excellent closet space and a bathroom finished with elegant marble tile. 220 East 60th Street is a full-service condominium offering 24-hour doorman service, a live-in superintendent, laundry facilities, and an on-site parking garage (operated by a third party). Located near world-class shopping, dining, and cultural attractions-including Central Park and Bloomingdale's-this residence offers easy access to the N/Q/R/W/4/5/6 and F subway lines, as well as the Queensboro Bridge. This move-in-ready home is well-suited for a variety of buyers. Please note: pets are not permitted per building policy.

Neighborhood Data

Neighborhood data shown for ZIP Code: 10022, New York, NY area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	27,279 (100%)
Owner Occupied HU	11,002 (40.3%)
Renter Occupied HU	11,015 (40.4%)
Vacant Housing Units	5,262 (19.3%)
Median Home Value	$1,223,949
Average Home Value	$1,331,078