342 W 21st St APT 5-E, New York, NY, 10011 | 7.68% Rental Yield

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342 W 21st St APT 5-E, New York, NY, 10011 | 7.68% Rental Yield | 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

Investment property for sale in New York at 342 W 21st St APT 5-E, New York, NY, 10011 listed at $849,000 pairs $5,432/mo rent with a $4,155/mo payment. Total monthly income runs $5,432/mo. Return on cash invested measures 13.18% in year one, and rental yield registers 7.68% at a $849,000 basis. Equity gained on principal adds $5,478/yr, and annual property appreciation at 5% supports $234,563 by year five. Five-year ROI tracks 69.5% and total cumulative return in cash totals $194,120. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $5,432/mo property income relative to a $4,155/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Condo

Built in 1940

N/A lot

$N/A/sqft

$1,364 monthly HOA

More details about the property

NEWLY RENOVATED GEM IN CHELSEA! Welcome to Residence 5E, a meticulously renovated and visually stunning apartment located on one of Chelseas most historic and sought-after blocks. This one-bedroom home combines modern elegance with timeless charm, offering a brand-new kitchen and bathroom outfitted with top-of-the-line appliances. From the moment you step inside, you'll appreciate the thoughtful attention to detail. The newly refinished floors exude sophistication, while the custom-designed storage optionsincluding a spacious walk-in closet at the entry and a full wall of closets in the bedroomensure convenience and functionality. Key Features of Residence 5E: -Brand-New Kitchen & Bathroom: Fully renovated with sleek, modern finishes. -Premium Appliances: Includes a Miele stackable washer/dryer, Bosch dishwasher, Blumberg refrigerator, and more. -Investor-Friendly Co-op: Offers condo-like rules with unlimited subletting from day one. -Sunlit Spaces: Enjoy sunny northern and southern exposures. -Ample Storage: Walk-in closet plus a wall of bedroom closets. -Low Maintenance Fees: Financially sound building with pet-friendly policies. Additional Perks: Parents buying for children, guarantors, gifting, co-purchasing, pied--terres and subletting are all welcome! Positioned in the heart of Chelsea, this charming, sun-drenched home offers unbeatable access to the neighborhoods historic charm, vibrant culture, and convenience. Dont miss your opportunity to own a piece of perfection in one of Manhattan's most desirable locations. Some photos virtually staged.

Neighborhood Data

Neighborhood data shown for ZIP Code: 10011, New York, NY area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	34,957 (100%)
Owner Occupied HU	10,815 (30.9%)
Renter Occupied HU	19,813 (56.7%)
Vacant Housing Units	4,329 (12.4%)
Median Home Value	$1,184,111
Average Home Value	$1,321,727