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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in New York at 308 E 38th St APT 3F, New York, NY, 10016 offers a 10.64% rental yield on a $799,000 purchase with $7,087/mo rent. Total monthly income registers $7,087/mo, and a $3,911/mo payment leaves $1,117/mo available for distribution. Annual cash flow reaches $13,405/yr on $262,871 to close, and return on cash invested stands at 25.16% in year one. Equity gained on principal adds $5,156/yr while 5% annual appreciation supports $220,749 over five years. Portfolio math shows five-year ROI at 132.67% and total cumulative return in cash at $348,750. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $7,087/mo property income against a $3,911/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2001
N/A lot
$N/A/sqft
$634 monthly HOA
Neighborhood data shown for ZIP Code: 10016, New York, NY area.
| 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 |
Residential
37,372
Single Family
320
Multi-Family
37,052
Businesses
3,608
Date | Event | Price |
|---|---|---|
| 2024-07-22 | Listed for sale | $799,000 |
| 2024-07-19 | Listing removed | $799,000 |
| 2024-04-30 | Price change | $799,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-09-15 | N/A | N/A | $77,219 | 9.45% |
| 2022-09-15 | N/A | N/A | $70,550 | -4.80% |
| 2021-09-15 | N/A | N/A | $74,105 | -9.68% |
Listed by: Julie Perlin - Licensed Associate Real Estate Broker • Compass
Mls Name: StreetEasy
Mls ID: #1626173680314075585
