245 E 54th St APT 5R, Manhattan, NY, 10022 | $651/mo Cash Flow

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245 E 54th St APT 5R, Manhattan, NY, 10022 | $651/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 Manhattan at 245 E 54th St APT 5R, Manhattan, NY, 10022 generates $5,900/mo in rent and, after a $2,797/mo payment, leaves $651/mo in cash flow. Total monthly income is $5,900/mo, and annual cash flow is $7,810/yr on $188,024 invested. Return on cash invested sits at 24.21% in year one, and rental yield is 12.39% on a $571,500 entry. Equity gained on principal adds $3,688/yr, while 5% annual appreciation builds toward $157,895 over five years. Five-year ROI reaches 129.84% and total cumulative return in cash sums $244,132. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $5,900/mo property income rather than buyer’s personal income.

Condo

Built in 1977

N/A lot

$N/A/sqft

$1,433 monthly HOA

More details about the property

This stunning corner one-bedroom apartment is the perfect place to call home. The fully renovated and expanded kitchen is a chef's dream, featuring sleek stainless steel appliances, generous countertops, and abundant cabinet space for all your culinary needs. The modern bathroom showcases stylish tilework and contemporary finishes, while the spacious living and dining area easily fits a full-size dining table and a comfortable lounge setup - ideal for relaxing or entertaining. With its desirable south-facing exposure, the apartment is filled with natural light throughout the day, creating a bright, inviting atmosphere you'll love coming home to. Situated in the heart of Midtown East, this location is unparalleled, just blocks away from major subway lines including the 4, 5, 6, E, and M. Immerse yourself in the vibrant nightlife, premier shopping, and diverse dining options, with Whole Foods, Trader Joe's, and Bloomingdale's all within close proximity. The Brevard offers an array of amenities, including a 24/7 doorman and concierge, a state-of-the-art roof deck with breathtaking views, and recently renovated hallways, lobby, and elevators. Convenience extends to the second-floor laundry room. Residents also benefit from a discount at the Equinox fitness center across the street, with Blink Fitness and Soul Cycle conveniently nearby. For comprehensive details on our listings, please visit THEBREVARD. The buyer assumes responsibility for the $2 per share flip tax, with 5R has a total of 1342 shares. While all information provided is deemed reliable, it is subject to errors, omissions, price changes, prior sales or leases, or withdrawal without notice. Approximate dimensions are provided, and for precise measurements, we recommend consulting your own architect

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