401 E 60th St APT 8F, New York, NY, 10022 | 7.43% Rental Yield

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401 E 60th St APT 8F, New York, NY, 10022 | 7.43% 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

Rental property for sale in New York at 401 E 60th St APT 8F, New York, NY, 10022 generates $5,573/mo in rent, after a $4,405/mo payment. Total monthly income is $5,573/mo. Return on cash invested sits at 18.29% in year one, and rental yield is 7.43% on a $900,000 entry. Equity gained on principal adds $5,808/yr, while 5% annual appreciation builds toward $248,653 over five years. Five-year ROI reaches 94.76% and total cumulative return in cash sums $280,584. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $5,573/mo property income rather than buyer’s personal income.

Condo

Built in 1999

N/A lot

$N/A/sqft

No HOA

More details about the property

This spacious north-facing one-bedroom apartment boasts hardwood floors, a modern kitchen with stainless steel appliances and granite countertops, and a luxurious marble bathroom. The building has recently completed Local Law 11 work, replaced the elevators, and is in the process of renovating the hallways-all of which have already been paid for. Ideally situated on the Upper East Side, this luxury condo offers exceptional amenities, including a 24-hour doorman and concierge, a newly renovated lobby, a complimentary fitness center, a roof deck with panoramic city views, a bike room, a playroom, and on-site laundry. Conveniently located across from Trader Joe's, it is also within short distance to multiple subway lines and some of the best dining and shopping the city has to offer.

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