337 E 50th St APT 5E, New York, NY, 10022 | $124/mo Cash Flow

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337 E 50th St APT 5E, New York, NY, 10022 | $124/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

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 337 E 50th St APT 5E, New York, NY, 10022 generates $3,730/mo in rent and, after a $2,643/mo payment, leaves $124/mo in cash flow. Total monthly income is $3,730/mo, and annual cash flow is $1,488/yr on $177,660 invested. Return on cash invested sits at 20.9% in year one, and rental yield is 8.29% on a $540,000 entry. Equity gained on principal adds $3,485/yr, while 5% annual appreciation builds toward $149,192 over five years. Five-year ROI reaches 108.75% and total cumulative return in cash sums $193,214. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,730/mo property income rather than buyer’s personal income.

Condo

Built in 1960

N/A lot

$N/A/sqft

No HOA

More details about the property

The complete package in Manhattan- Gorgeous, great light, convenient, spacious AND affordable! Welcome to 337 E 50th St., 5E. This generously sized 1-bed, 1-bath co-op apartment spans approximately 750 sq. ft. with excellent natural light from south facing windows plus a beautiful skylight in the bathroom. As soon as you enter 5E you are greeted by a sense of space and light. The kitchen has been updated and opened to create a visual flow through to the dining and living area. Just as the curved ceiling detail adds a statement design element to the main living space, the overall feeling is warm, inviting and elevated. The apartment features four large closets, offering ample storage. The kitchen is equipped with updated appliances and boasts numerous cabinets and counterspace, as well as an oversized pass-though window which makes it perfect for cooking and entertaining. 337 East 50th is a very well maintained, 24 unit elevator cooperative with a virtual doorman system, a part-time super and a central laundry room. Pied-a-terres are on a case-by-case and no pets are permitted. This boutique coop building is located on a quiet tree-lined street, surrounded by great restaurants, shopping, land-marked townhouses, and excellent public transportation. Only minutes to Grand Central (don't miss the new gorgeous LIRR terminal!), Midtown' s business district, plus multiple nearby train lines that will take you across Manhattan. Don't forget- For spectacular waterfront enjoyment, the newly completed East River Esplanade is only minutes away.

Neighborhood Data

Neighborhood data shown for ZIP Code: 10022, New York, NY area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	27,279 (100%)
Owner Occupied HU	11,002 (40.3%)
Renter Occupied HU	11,015 (40.4%)
Vacant Housing Units	5,262 (19.3%)
Median Home Value	$1,223,949
Average Home Value	$1,331,078