287 E Houston St #3C, New York, NY, 10002 | $1,039/mo Cash Flow

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287 E Houston St #3C, New York, NY, 10002 | $1,039/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 287 E Houston St #3C, New York, NY, 10002 with 5% annual appreciation on a $935,000 basis while $8,258/mo rent supports operations. Total monthly income totals $8,258/mo and a $4,576/mo payment preserves $1,039/mo for cash returns. Annual cash flow comes to $12,463/yr on $307,615 deployed, and return on cash invested reaches 24.11% in year one. Equity gained on principal adds $6,033/yr, and five-year appreciation sums $258,323 alongside rental yield of 10.6%. Five-year ROI measures 127.37% and total cumulative return in cash totals $391,808.

Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $8,258/mo property income versus a $4,576/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.

Condo

Built in 2018

N/A lot

$N/A/sqft

$976 monthly HOA

More details about the property

Welcome to 287 E Houston, #3C a meticulously crafted one-bedroom residence designed for comfort and style. Bathed in southern sunlight through expansive floor-to-ceiling windows, this thoughtfully laid out home promises a serene living experience. With lofty 10' ceilings, the living/dining area provides a spacious and inviting atmosphere for both relaxation and entertaining. The open kitchen features Alta custom Italian cabinetry, honed Carrara marble countertops, a slab backsplash, and top-of-the-line Meile appliances. The primary bedroom is a sunny retreat, complemented by a generous walk-in closet and an ensuite master bath that rivals a spa experience. The bath showcases a custom vanity, heated floors, Bianco Dolomite marble tile walls, and a luxurious glass-enclosed shower with Gray Danube marble tiles and slab. This home features 7" whitewashed oak floors, a Meile washer and dryer, and ample closet space throughout. Residents also benefit from a range of building amenities, including a part-time doorman with virtual doorman technology, a fitness center, and a landscaped common roof terrace with an outdoor kitchen perfect for enjoying the city skyline. For added convenience, this building offers bike storage, laundry room in building, and the option to purchase private storage. Conveniently located on East Houston Street between Clinton and Suffolk streets, 287 LES places you in the heart of the vibrant Lower East Side. Explore the best shopping, restaurants, galleries, and nightlife, with easy access to public transportation, including the F, M, J, Z, B, and D subways. Don't miss the opportunity to make this sophisticated Lower East Side residence your new home!

Neighborhood Data

Neighborhood data shown for ZIP Code: 10002, New York, NY area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	40,854 (100%)
Owner Occupied HU	6,264 (15.3%)
Renter Occupied HU	31,158 (76.3%)
Vacant Housing Units	3,432 ( 8.4%)
Median Home Value	$821,930
Average Home Value	$952,686