305 E 24th St APT 18KNew YorkNY10010
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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
Investment Highlights
Investment property for sale in New York at 305 E 24th St APT 18K, New York, NY, 10010 uses $163,098 cash to close to unlock $5,215/yr annual cash flow and $435/mo monthly cash flow. Total monthly income runs $4,859/mo, and a $2,408/mo payment keeps the spread at $435/mo. Purchase price stands at $492,000, and rental yield measures 11.85% with $4,859/mo rent. Return on cash invested shows 23.11% in year one, and 5% annual appreciation builds toward $135,931 over five years. Five-year ROI reaches 123.67% and total cumulative return in cash records $201,700. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,859/mo property income covering a $2,408/mo payment rather than investor’s personal income.
Condo
Built in 1964
N/A lot
$N/A/sqft
$1,139 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 10010, New York, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,835 (100%) |
| Owner Occupied HU | 4,675 (23.6%) |
| Renter Occupied HU | 12,977 (65.4%) |
| Vacant Housing Units | 2,183 (11.0%) |
| Median Home Value | $1,076,308 |
| Average Home Value | $1,205,915 |
Housing Distribution
Address Breakdown
Residential
19,396
Single Family
111
Multi-Family
19,285
Businesses
2,475
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