345 E 56th St APT 10F, New York, NY, 10022 | 10.78% Rental Yield

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345 E 56th St APT 10F, New York, NY, 10022 | 10.78% Rental Yield | Ziffy

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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 345 E 56th St APT 10F, New York, NY, 10022 listed at $935,000 pairs $8,400/mo rent with a $4,576/mo payment. Total monthly income runs $8,400/mo. Return on cash invested measures 15.47% in year one, and rental yield registers 10.78% at a $935,000 basis. Equity gained on principal adds $6,033/yr, and annual property appreciation at 5% supports $258,323 by year five. Five-year ROI tracks 84.38% and total cumulative return in cash totals $259,580. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $8,400/mo property income relative to a $4,576/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Condo

Built in 1960

N/A lot

$N/A/sqft

$3,332 monthly HOA

More details about the property

Gorgeous mint, modern and sunny Sutton Place home! A true 5 room perfectly proportioned 2 bedroom, 2 bath residence with an in unit washer and dryer. This beautiful home is renovated, and one can simply move in and enjoy this lovely home! IN UNIT WASHER AND DRYER! Upon entering you are greeted with a welcoming entry foyer, with a double coat closet and gorgeous gleaming wood floors which are throughout this elegant and sophisticated home. Step inside a sun-lit, pin-drop quiet oversized living room, with adjacent dining (can be converted to a 3rd bedroom/office/den). The kitchen is a chefs delight with stainless steel appliances, custom wood cabinetry and lengthy granite counters. In addition, adjacent to the kitchen is an extra-large customized pantry for all your storage needs. This over-sized corner unit has East and South exposures offering great light throughout the day. The second bedroom is large and has a double sized custom California closet and plenty of room for a bed, dressers, and a desk. The adjacent bathroom has a tub, new tiles and vanity. The prime suite is king-sized with wonderful custom closets, and a windowed bathroom. A hard-to-find prized property and one can simply move into! The SUTTON EAST is a luxury full-service cooperative which enjoys 24-hour doorman, porters, and a resident manager. Conveniently located in Sutton Place on a beautiful tree-lined street, near all major transit, FDR drive and both fine and casual dining, shopping and lovely parks! Enjoy a stroll on the new East River Greenway. One block from PS 59 International Beekman Hill School. Guarantors and co-purchasers permitted. The building has storage bins and bike racks for rent, a garage (fee) and a landscaped Rooftop Deck! A warm and welcoming neighborhood, Sutton Place is a peaceful riverfront community offering pocket parks, the new East River Greenway, easy airport and FDR access, convenient transportation, fine and casual dining options, and abundant shopping at nearby Trader Joes, Whole Foods, Morton Williams, Midtown Catch, Simchick Meats, and Ideal Cheese Shop, along with many gyms in close proximity.

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