309 E Houston St APT 3C, Manhattan, NY, 10002 | $1,357/mo Cash Flow

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309 E Houston St APT 3C, Manhattan, NY, 10002 | $1,357/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

Investment property for sale in Manhattan at 309 E Houston St APT 3C, Manhattan, NY, 10002 with 5% annual appreciation on a $665,000 basis while $6,352/mo rent supports operations. Total monthly income totals $6,352/mo and a $3,255/mo payment preserves $1,357/mo for cash returns. Annual cash flow comes to $16,285/yr on $218,785 deployed, and return on cash invested reaches 27.5% in year one. Equity gained on principal adds $4,291/yr, and five-year appreciation sums $183,727 alongside rental yield of 11.46%. Five-year ROI measures 145.3% and total cumulative return in cash totals $317,887.

Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $6,352/mo property income versus a $3,255/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.

Condo

Built in 1920

N/A lot

$N/A/sqft

$554 monthly HOA

More details about the property

Lowest maintenance of any 2 bedroom co-op in Downtown Manhattan! Apartment 3C is a spacious 2 bedroom quietly tucked on the back of the building. Both bedrooms feature a wall of closets and the larger bedroom has a wonderful open corner exposure with three windows. The windowed kitchen has plenty of cabinet space, stainless steel appliances and granite countertops. The bathroom has been beautifully renovated with carrera marble and is also windowed. Throughout the apartment, youll find 9 foot ceilings, seven windows and exposed brick. The apartment can be delivered furnished. 309 East Houston Street has a live-in super, common courtyard, requires just 15% down and *the building no longer has income restrictions.* A W/D can be added with board approval. The location is incredibly convenient - right in the middle of everything you want from the Lower East Side - the B/D/F/M/J trains are just a few minutes away as well as all of the bars and restaurants that make it a destination and Tompkins Square Park. Theres also the new Trader Joes, Target, Equinox and Essex Market! Unlimited subletting is allowed after living there for three years and the flip tax is 10% of net profit. All dimensions are estimates. We support Fair Housing.

Neighborhood Data

Neighborhood data shown for ZIP Code: 10002, New York, NY area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	40,854 (100%)
Owner Occupied HU	6,264 (15.3%)
Renter Occupied HU	31,158 (76.3%)
Vacant Housing Units	3,432 ( 8.4%)
Median Home Value	$821,930
Average Home Value	$952,686