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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 5-F, New York, NY, 10016 earns $493/mo cash flow from $7,087/mo rent with a $4,356/mo payment. Total monthly income totals $7,087/mo, and annual cash flow totals $5,914/yr on $292,810 capital. ROI tracks 22.08% on current figures, and rental yield reads 9.56% at a $890,000 purchase. Equity gained on principal adds $5,743/yr, and 5% annual appreciation supports $245,891 over five years. Five-year ROI reaches 116.05% and total cumulative return in cash sums $339,820. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $7,087/mo property income instead of your personal income.
Condo
Built in 2001
N/A lot
$N/A/sqft
$651 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 |
|---|---|---|
| 2024-08-09 | Listing removed | N/A |
| 2024-07-02 | Price change | $4,995 |
| 2024-06-04 | Price change | $5,150 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-09-15 | N/A | N/A | $79,123 | 9.45% |
| 2022-09-15 | N/A | N/A | $72,289 | -4.80% |
| 2021-09-15 | N/A | N/A | $75,933 | -9.68% |
Listed by: Moran Khousravi - Licensed Associate Real Estate Broker • Bond New York
Mls Name: StreetEasy
Mls ID: #1712968
