342 E 119th St APT 2A, New York, NY, 10035 | $869/mo Cash Flow

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342 E 119th St APT 2A, New York, NY, 10035 | $869/mo Cash Flow | Ziffy

For Sale

Motivated Seller

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

Investment property for sale in New York at 342 E 119th St APT 2A, New York, NY, 10035 earns $869/mo cash flow from $4,542/mo rent with a $2,692/mo payment. Total monthly income totals $4,542/mo, and annual cash flow totals $10,430/yr on $180,950 capital. ROI tracks 25.82% on current figures, and rental yield reads 9.91% at a $550,000 purchase. Equity gained on principal adds $3,549/yr, and 5% annual appreciation supports $151,955 over five years. Five-year ROI reaches 135.2% and total cumulative return in cash sums $244,642. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $4,542/mo property income instead of your personal income.

Condo

Built in 2006

871.20 sqft lot

$N/A/sqft

No HOA

More details about the property

MOTIVATED SELLER, OFFERING A BUYERS INCENTIVE. Welcome home to this spacious and bright oversized 2 bedroom and 2 bathroom full of natural light. This 908 sq ft Co-Op is an opportunity of a lifetime as it is situated in the beautiful and vibrant East Harlem just blocks away from Costco and the East River Plaza Mall. The apartment boasts plenty of sunlight. En-suite bathroom and a walk in closet in the Master bedroom. The apartment is well kept with a full-size chefs kitchen that comes with a pantry. Oversized living room with a closet and extra large windows bringing in plenty of sunlight. The Rio is a luxury development built in 2004 featuring a beautiful lobby with a gym, elevator, video intercom security system, live in super, laundry room and a beautiful outdoor terrace which is ideal for kids or gathering with family and friends. The strategic location of the Rio makes it an ideal location to call it home as it is minutes from the 4&6 trains and the planned upcoming extension of the Q train. A few blocks from the FDR drive. Plenty of street parking. Won't last. Do not miss out on this opportunity of a lifetime. There is a wait list for the garage, small pets OK.

Neighborhood Data

Neighborhood data shown for ZIP Code: 10035, New York, NY area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	16,688 (100%)
Owner Occupied HU	1,564 ( 9.4%)
Renter Occupied HU	13,744 (82.4%)
Vacant Housing Units	1,380 ( 8.3%)
Median Home Value	$718,233
Average Home Value	$917,413