343 E 78th St APT 7, New York, NY, 10075 | 7.2% Rental Yield

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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343 E 78th St APT 7, New York, NY, 10075 | 7.2% 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

Total monthly income runs $3,300/mo, and a $2,692/mo payment. Purchase price stands at $550,000, and rental yield measures 7.2% with $3,300/mo rent. Return on cash invested shows 6.4% in year one, and 5% annual appreciation builds toward $151,955 over five years. Five-year ROI reaches 35.09% and total cumulative return in cash records $63,490. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,300/mo property income covering a $2,692/mo payment rather than investor’s personal income.

Condo

Built in 1910

N/A lot

$N/A/sqft

$1,687 monthly HOA

More details about the property

Incredible chance to create your own home in an extremely desired location. The apartment is in need of TLC so dig into your own design expertise or go with your most trusted design expert to fully establish the highest floors of a very well maintained, and financially sound Co-Op. This type of opportunity does not come around often! Turn this huge *Duplex* 1-bedroom, into your private penthouse palace! 2 bathrooms, 2 balconies, 2 floors! This space gives ample room for any styles of living. Use your imagination! Create your own contemporary open concept, or stay traditional with a functional but private configuration. This standout Co-Op located at 343 East 78th Street is in one of the most desirable tree lined blocks of the UES. Just steps away from cafes, upscale restaurants, boutique and brandname shopping stores galore. Museum Mile, Central park and Carl Shurz are well within walking distances. Commuting to all parts of the city will be available by way of all your familiar East Side metros(Q/456). *Guarantors, Co-purchasing, Pied--terres, and Subletting are allowed after the first 2 years of occupancy.* *Must be owner occupied for 2 years and then can sublet for 4 out of 6 years.* *Washer/dryer and dishwasher allowed!* *Pets allowed!*