240 E 30th St APT 5B, New York, NY, 10016 | $2,660/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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240 E 30th St APT 5B, New York, NY, 10016 | $2,660/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 240 E 30th St APT 5B, New York, NY, 10016 priced at $500,000 converts $7,480/mo rent into $2,660/mo cash flow after a $2,447/mo obligation. Total monthly income equals $7,480/mo, and annual cash flow totals $31,924/yr on $165,750 invested. Return on cash invested prints 39.17% in year one, and rental yield reads 17.95% against a $500,000 entry. Equity gained on principal adds $3,226/yr, while 5% annual appreciation compiles into $138,141 by year five. Five-year ROI reaches 210.66% and total cumulative return in cash sums $349,172. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $7,480/mo property income covering a $2,447/mo payment, not borrower’s personal income.

Condo

Built in 1935

N/A lot

$N/A/sqft

$1,481 monthly HOA

More details about the property

Come check out this fantastic, south-facing, one-bedroom co-op, located on the 5th floor (top floor) of a boutique elevator building. This immaculate Kips Bay apartment is well laid out with an entry foyer, king-size bedroom, newly renovated bathroom, and updated throughout. The living room and bedroom are naturally bright, overlooking the building's common rose garden and an adjacent neighborhood park. Come make this your home! -Pets allowed with board approval -Ample storage space (Closet Organizers installed) -Additional storage for rent in the basement -Bike storage in the building's basement -Live-in super -Laundry in the building (Remodeled May 2023) -2 common outdoor spaces with shared BBQ, seating, and LOTS of Greenery. (Recent work includes garden drains and pipe replacement, repairs to masonry wall/stairs in the courtyard, and new waterproofing/flashing) -Located half a block from Fairway, Kips Bay movie theater, and a plethora of bars, restaurants, gyms, and grocery stores -Just a short walk to Trader Joe's and Whole Foods Market Open house by appointment only Please call 646-379-410(two) to schedule an appt.

Neighborhood Data

Neighborhood data shown for ZIP Code: 10016, New York, NY area.

Housing Distribution

Housing Statistics

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