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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in New York at 235 E 40th St APT 24H, New York, NY, 10016 generates $4,197/mo in rent, after a $5,335/mo payment. Total monthly income is $4,197/mo. Return on cash invested sits at 5.4% in year one, and rental yield is 4.62% on a $1,090,000 entry. Equity gained on principal adds $7,034/yr, while 5% annual appreciation builds toward $301,147 over five years. Five-year ROI reaches 27.25% and total cumulative return in cash sums $96,228. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,197/mo property income rather than buyer’s personal income.
Condo
Built in 1986
N/A lot
$N/A/sqft
$1,323 monthly HOA
Neighborhood data shown for ZIP Code: 10016, New York, NY area.
| 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 |
Residential
37,372
Single Family
320
Multi-Family
37,052
Businesses
3,608
Date | Event | Price |
|---|---|---|
| 2024-11-21 | Price change | $1,090,000 |
| 2024-08-21 | Listed for sale | $1,125,000 |
| 1999-03-31 | Sold | $330,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-06-16 | $14031.00 | 2.90% | $113,292 | 1.02% |
| 2023-06-16 | $13636.00 | N/A | $112,149 | 3.33% |
| 2022-06-16 | N/A | N/A | $108,534 | 0.85% |
Listed by: Shlomo Elias • Douglas Elliman
Mls Name: StreetEasy
Mls ID: #S1730944
