264 Water St APT 5D, New York, NY, 10038 | $917/mo Cash Flow

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264 Water St APT 5D, New York, NY, 10038 | $917/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 264 Water St APT 5D, New York, NY, 10038 earns $917/mo cash flow from $8,562/mo rent with a $4,650/mo payment. Total monthly income totals $8,562/mo, and annual cash flow totals $11,002/yr on $312,550 capital. ROI tracks 23.58% on current figures, and rental yield reads 10.82% at a $950,000 purchase. Equity gained on principal adds $6,130/yr, and 5% annual appreciation supports $262,467 over five years. Five-year ROI reaches 124.95% and total cumulative return in cash sums $390,530. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $8,562/mo property income instead of your personal income.

Condo

Built in 1900

N/A lot

$N/A/sqft

$1,301 monthly HOA

More details about the property

Call this your next home in one of the neighborhood's most exquisite apartments. Freshly renovated with new white oak floors and set up as a spacious and quiet two-bedroom with 1.5 baths, located on a quaint cobblestone street in the heart of the Historic Seaport District. Come see for yourself! One of New York's most vibrant areas. This is the perfect escape from the ordinary, and just minutes away from everywhere you need to be.This fully renovated exposed brick split two-bedroom and one and a half bath apartment rarely comes to the market of this size and price! You will find a vented Blomberg washer/dryer and a gorgeous kitchen complete with Bertazzoni range and Blomberg refrigerator. The split bedroom layout lends to privacy while the open living and dining room is perfect for entertaining your guests. The Walton is a boutique condominium located on a quaint cobblestone street in the historic South Street Seaport, one of the most rapidly developing neighborhoods in New York City. A quick walk to Wall Street, the Fulton Transit Center, Oculus, and Brookfield Place. Located next to eateries, bars, and coffee shops like Jean Georges' Tin Building, Cafe Patoro, and more, there is no shortage of entertainment. With iPic Movie Theater just a block away!

Neighborhood Data

Neighborhood data shown for ZIP Code: 10038, New York, NY area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	13,600 (100%)
Owner Occupied HU	2,863 (21.1%)
Renter Occupied HU	8,937 (65.7%)
Vacant Housing Units	1,800 (13.2%)
Median Home Value	$894,071
Average Home Value	$1,101,949