365 W 20th St APT 1A, New York, NY, 10011 | $264/mo Cash Flow

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365 W 20th St APT 1A, New York, NY, 10011 | $264/mo Cash Flow | Ziffy

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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 365 W 20th St APT 1A, New York, NY, 10011 generates $5,195/mo in rent and, after a $2,814/mo payment, leaves $264/mo in cash flow. Total monthly income is $5,195/mo, and annual cash flow is $3,163/yr on $189,175 invested. Return on cash invested sits at 21.73% in year one, and rental yield is 10.84% on a $575,000 entry. Equity gained on principal adds $3,710/yr, while 5% annual appreciation builds toward $158,862 over five years. Five-year ROI reaches 115.75% and total cumulative return in cash sums $218,963. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $5,195/mo property income rather than buyer’s personal income.

Condo

Built in 1928

N/A lot

$N/A/sqft

$1,092 monthly HOA

More details about the property

Welcome to 365 West 20th Street, a true gem in the heart of Chelsea. Unit 1A is a captivating alcove studio that offers a escape above the bustling energy of New York City. Discover this charming alcove studio located on one of Chelsea's most iconic landmark blocks. The inviting living room boasts abundant natural light streaming through a skylight, highlighting the elegant hardwood floors throughout. The alcove area is perfectly sized to comfortably accommodate a queen bed. Chelsea Court Tower is a highly managed co-op building with a part-time doorman (4pm-Midnight), a live-in superintendent, bicycle storage, regular storage options, and laundry facilities. In addition, there is a magnificent common roof deck that offers breathtaking city panoramas. Located in the heart of Chelsea, you're just minutes from The High Line, the Hudson River bike path, Equinox, Chelsea Market, Chelsea Piers, and Google offices. Public transportation is excellent with easy access to the A, C, and E trains at 23rd Street, the 1 and 2 trains at 18th Street, and the L train at 14th Street. Pet-friendly and perfectly positioned, this apartment is your ideal Manhattan oasis. Subletting is allowed after two years, with board approval. Pets are welcome, and pieds-a-terre, gifting, and co-purchasing are permitted on a case-by-case basis.

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