250 E 40th St APT 12E, New York, NY, 10016 | $1,168/mo Cash Flow

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250 E 40th St APT 12E, New York, NY, 10016 | $1,168/mo Cash Flow | Ziffy

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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 250 E 40th St APT 12E, New York, NY, 10016 earns $1,168/mo cash flow from $7,810/mo rent with a $4,160/mo payment. Total monthly income totals $7,810/mo, and annual cash flow totals $14,018/yr on $279,650 capital. ROI tracks 25.07% on current figures, and rental yield reads 11.03% at a $850,000 purchase. Equity gained on principal adds $5,485/yr, and 5% annual appreciation supports $234,839 over five years. Five-year ROI reaches 132.65% and total cumulative return in cash sums $370,966. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $7,810/mo property income instead of your personal income.

Condo

Built in 1988

N/A lot

$N/A/sqft

$966 monthly HOA

More details about the property

It's September...back to school and back to buying a condo! RIVER VIEWS & MOVE IN READY! Welcome to apartment 12E in the Highpoint at 250 East 40th Street. East River views from the living room plus a very useable balcony, enhance this well proportioned, beautifully renovated corner apartment. Freshly painted, it is a bright quiet, 745 square foot oasis in the heart of Murray Hill. This lovely property features a gracious entry foyer, leading to a northeast corner living room with its 35 square foot balcony. There are new floors throughout. The renovated kitchen boasts stainless steel appliances (Frigidaire, Bosch, GE and Goldstar), an abundance of custom wood cabinetry, sliders, beautiful granite counter tops, recessed lighting and a large breakfast bar. It is ideal for entertaining! The spacious north facing bedroom easily accommodates a king-sized bed and the large walk-in closet provides incredible storage. The redone bathroom, elegantly finished in marble, has a TOTO toilet, rain shower head and deep tub. Closets are excellent, with a coat closet, utility closet, and of course the bedroom's walk-in. The Highpoint, built in 1988 is a 48-story luxury full service, pet-friendly (with the exception of a few breeds) condominium with a 24-hour doorman, concierge. The fitness center features a wonderful 40 foot swimming pool, cardio equipment, weight, Jacuzzi, sauna and steam room! Additional amenities are large laundry room, children's play area and a communal courtyard. It is in the historic Murray Hill district, in close proximity to Grand Central Terminal, public transportation and a plethora of restaurants, shops, and parks. 90% financing permitted Note: Some photos are virtually staged.

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