301 E 62nd St APT 5E,New York,NY,10065

Investment Highlights

Investment property for sale in New York at 301 E 62nd St APT 5E, New York, NY, 10065 uses $180,950 cash to close to unlock $16,886/yr annual cash flow and $1,407/mo monthly cash flow. Total monthly income runs $5,080/mo, and a $2,692/mo payment keeps the spread at $1,407/mo. Purchase price stands at $550,000, and rental yield measures 11.08% with $5,080/mo rent. Return on cash invested shows 29.39% in year one, and 5% annual appreciation builds toward $151,955 over five years. Five-year ROI reaches 154.32% and total cumulative return in cash records $279,250. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $5,080/mo property income covering a $2,692/mo payment rather than investor’s personal income.