320 E 42nd St APT 1413, New York, NY, 10017 | $2,827/mo Cash Flow

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320 E 42nd St APT 1413, New York, NY, 10017 | $2,827/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

Rental property for sale in New York at 320 E 42nd St APT 1413, New York, NY, 10017 generates $6,163/mo in rent and, after a $1,713/mo payment, leaves $2,827/mo in cash flow. Total monthly income is $6,163/mo, and annual cash flow is $33,922/yr on $116,025 invested. Return on cash invested sits at 49.15% in year one, and rental yield is 21.13% on a $350,000 entry. Equity gained on principal adds $2,258/yr, while 5% annual appreciation builds toward $96,699 over five years. Five-year ROI reaches 264.01% and total cumulative return in cash sums $306,314. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $6,163/mo property income rather than buyer’s personal income.

Condo

Built in 1929

N/A lot

$N/A/sqft

$999 monthly HOA

More details about the property

Sunny studio at pet friendly Woodstock Tower with City views south. Features include a renovated kitchen with a full oven, full size refrigerator and imported stone counter tops with breakfast bar. A large sleeping alcove can accommodate a king size wall bed. Rich wood floor throughout with removable AC. This studio has 3 closets. Bathroom has been upgraded with new fixtures. and a full-size soaking tub. Heat, hot water and electric are included in the very low maintenance. The Woodstock Tower located on 42nd Street between 1st and 2nd Avenue prides itself on being a full-service establishment, renowned for its well-maintained condition and solid financial standing. The maintenance fees cover the cost of heat, hot water, and electricity, adding to the convenience and ease of living in this remarkable building. Whether it's a pied-a-terre, primary residence, or a co purchase with parents, all arrangements are welcome. Residents can enjoy the serene ambiance of the landscaped backyard and make use of the convenient laundry facilities located on the main floor lobby level. Additional amenities such as a fitness center and storage space are available for a nominal extra charge. Moreover, this pet-friendly community is just a stone's throw away from two iconic parks, both boasting delightful playgrounds. Amidst the picturesque Tudor-style buildings, you'll find a warm and welcoming community with an amiable building staff. Its strategic location offers convenient access to all subway lines, as well as being in close proximity to Grand Central and Penn Station, enabling effortless exploration of every corner of the city.

Neighborhood Data

Neighborhood data shown for ZIP Code: 10017, New York, NY area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	13,285 (100%)
Owner Occupied HU	3,713 (27.9%)
Renter Occupied HU	7,419 (55.8%)
Vacant Housing Units	2,153 (16.2%)
Median Home Value	$795,643
Average Home Value	$1,007,195