224 E 7th St APT 1, New York, NY, 10009 | $405/mo Cash Flow

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224 E 7th St APT 1, New York, NY, 10009 | $405/mo Cash Flow | 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

Investment property for sale in New York at 224 E 7th St APT 1, New York, NY, 10009 offers a 11.04% rental yield on a $448,000 purchase with $4,122/mo rent. Total monthly income registers $4,122/mo, and a $2,193/mo payment leaves $405/mo available for distribution. Annual cash flow reaches $4,861/yr on $148,512 to close, and return on cash invested stands at 23.18% in year one. Equity gained on principal adds $2,891/yr while 5% annual appreciation supports $123,774 over five years. Portfolio math shows five-year ROI at 123.18% and total cumulative return in cash at $182,942. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,122/mo property income against a $2,193/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Condo

Built in 1950

N/A lot

$N/A/sqft

$725 monthly HOA

More details about the property

Amazing Studio apartment with character and charm in the heart of the East Village! Tastefully renovated studio apartment with 10.5" ceilings on quiet tree lined block! Long slat white oak floors and exposed brick in white throughout. Beautifully redone kitchen featuring Decora solid wood cabinets with dovetail drawers, Caesarstone Counters, Bosch refrigerator & dishwasher, and Bertazoni gas range with microwave hood. Crisp white windowed bath with subway tiling, exposed brick, designer pedestal sink & huge custom glass enclosed shower. This studio home has distinct areas for both living and dining, a double deep walk-in closet and two extra large north facing windows. This pet friendly Co-op has extremely low monthlies, storage, laundry, and bike storage. One block to Tompkins Square Park and convenient to great specialty restaurants and shops on Avenues B and C

Neighborhood Data

Neighborhood data shown for ZIP Code: 10009, New York, NY area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	33,143 (100%)
Owner Occupied HU	3,150 ( 9.5%)
Renter Occupied HU	27,711 (83.6%)
Vacant Housing Units	2,282 ( 6.9%)
Median Home Value	$825,844
Average Home Value	$931,918