308 E 38th St APT 19A, New York, NY, 10016 | 4.36% Rental Yield

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308 E 38th St APT 19A, New York, NY, 10016 | 4.36% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

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 308 E 38th St APT 19A, New York, NY, 10016 generates $4,542/mo in rent, after a $6,118/mo payment. Total monthly income is $4,542/mo. Return on cash invested sits at 9.1% in year one, and rental yield is 4.36% on a $1,250,000 entry. Equity gained on principal adds $8,066/yr, while 5% annual appreciation builds toward $345,352 over five years. Five-year ROI reaches 45.41% and total cumulative return in cash sums $183,913. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,542/mo property income rather than buyer’s personal income.

Condo

Built in 2001

N/A lot

$N/A/sqft

No HOA

More details about the property

This two bedroom, two bath home has an expansive living and dining room with views of the East River, lower Manhattan and Empire State Building. The large windows with three exposures, allow for sunlight to pour through all day long. This spacious home has an open floor plan. This kitchen opens to the windowed dining alcove that could easily be closed off to make a home office or nursery. The large primary bedroom with en-suite bathroom, also boasts a spacious walk-in closet. This home is equipped with an in-unit washer and dryer. This home is virtually staged. The Vantage Condominium offers an expansive rooftop sundeck with stunning views of Manhattan skyline, 24-hour concierge, live-in super, State-of-the-art Fitness Room and Yoga Room with private fitness classes for residents only. It also offers a private co-workspace, media lounge, Bike Storage for residents and storage available for purchase. This elegant building was redesigned by Andres Escobar. It is located on a tree-lined street in the Murray Hill neighborhood. Located in close proximity to the United Nations and Grand Central, this location yields access to fine dining, numerous parks, and plenty of luxury boutiques. The Vantage is designed by award-winning interior designer Andres Escobar and is a fine example of contemporary architecture. The smooth sleek design allows one to appreciate the open floor plan that is enlightened by natural light entering through large windows. Take a break and enjoy the beautiful views of the iconic NYC Skyline from the Roof Deck. Assessment: $136/month

Neighborhood Data

Neighborhood data shown for ZIP Code: 10016, New York, NY area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	41,052 (100%)
Owner Occupied HU	8,730 (21.3%)
Renter Occupied HU	26,763 (65.2%)
Vacant Housing Units	5,559 (13.5%)
Median Home Value	$1,031,364
Average Home Value	$1,209,032