305 W 18th St APT 1E, New York, NY, 10011 | $666/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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305 W 18th St APT 1E, New York, NY, 10011 | $666/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

Rental property for sale in New York at 305 W 18th St APT 1E, New York, NY, 10011 generates $4,919/mo in rent and, after a $2,814/mo payment, leaves $666/mo in cash flow. Total monthly income is $4,919/mo, and annual cash flow is $7,987/yr on $189,175 invested. Return on cash invested sits at 24.28% in year one, and rental yield is 10.27% on a $575,000 entry. Equity gained on principal adds $3,710/yr, while 5% annual appreciation builds toward $158,862 over five years. Five-year ROI reaches 127.86% and total cumulative return in cash sums $241,883. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,919/mo property income rather than buyer’s personal income.

Condo

Built in 1950

N/A lot

$N/A/sqft

$414 monthly HOA

More details about the property

This renovated studio has great proportions and feels brand new. Gone should be the notion of grinding out your NYC existence in a cramped room with nothing but a hotplate. Here lies just a bit of class in central Chelsea. One story above street level and through your own foyer, a small oasis reveals itself. To the left are the windowed kitchen and bath, each finished tastefully and full of storage. A linen closet for one. Lacquered cabinets and stone counter tops for the other. Through the foyer again, the main room is long and rectangular - ideal for distinct living and sleeping areas. A third closet is here as well... a place for everything to have its place. The 305 is an intimate Art Deco elevator building that's well established, financially sound, and has the essential conveniences of a live-in superintendent, central laundry, common courtyard, and bicycle storage. An in-unit washer/dryer can be considered with board approval. The views are interior-facing but open and quiet. Bachelor/ette pad, pied-a-terre, investment? No worries. You do you - it's a condo.

Neighborhood Data

Neighborhood data shown for ZIP Code: 10011, New York, NY area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	34,957 (100%)
Owner Occupied HU	10,815 (30.9%)
Renter Occupied HU	19,813 (56.7%)
Vacant Housing Units	4,329 (12.4%)
Median Home Value	$1,184,111
Average Home Value	$1,321,727