








A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |


Rental property for sale in New York at 311 E 38th St APT 12B, New York, NY, 10016 generates $3,666/mo in rent, after a $5,139/mo payment. Total monthly income is $3,666/mo. Return on cash invested sits at 4.1% in year one, and rental yield is 4.19% on a $1,050,000 entry. Equity gained on principal adds $6,775/yr, while 5% annual appreciation builds toward $290,096 over five years. Five-year ROI reaches 20.27% and total cumulative return in cash sums $68,945. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,666/mo property income rather than buyer’s personal income.
Condo
Built in 1984
N/A lot
$N/A/sqft
$1,120 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 |
|---|---|---|
| 2025-08-25 | Listed for sale | $1,050,000 |
| 2025-08-25 | Listing removed | $1,050,000 |
| 2025-07-11 | Listed for rent | $7,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-08-26 | $16876.00 | 1.66% | $137,897 | 2.44% |
| 2023-08-26 | $16600.00 | N/A | $134,609 | 1.97% |
| 2022-08-26 | N/A | N/A | $132,014 | 1.26% |



Listed by: Ashley Monaco • Compass
Mls Name: StreetEasy
Mls ID: #S1786595