404 W 48th St APT 4-B, New York, NY, 10036 | $626/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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404 W 48th St APT 4-B, New York, NY, 10036 | $626/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

Investment property for sale in New York at 404 W 48th St APT 4-B, New York, NY, 10036 listed at $675,000 pairs $5,819/mo rent with a $3,304/mo payment to leave $626/mo cash flow. Total monthly income runs $5,819/mo, and annual cash flow reaches $7,515/yr on $222,075 cash to close. Return on cash invested measures 23.44% in year one, and rental yield registers 10.34% at a $675,000 basis. Equity gained on principal adds $4,356/yr, and annual property appreciation at 5% supports $186,490 by year five. Five-year ROI tracks 123.76% and total cumulative return in cash totals $274,851. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $5,819/mo property income relative to a $3,304/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Condo

Built in 1884

N/A lot

$N/A/sqft

$685 monthly HOA

More details about the property

Newly renovated modern design complemented by prewar charm and character including exposed brick, high ceilings and fireplace. W/D permitted. Sunny, bright and airy with south and north exposures. Ample closet space, including a large walk-in. Updated plumbing and electric. Low maintenance includes heat and hot water. Well-maintained, 20-unit coop, walk-up building featuring laundry, storage and garden patio. Perfect location on a beautiful tree-lined block with community garden off Ninth Avenue super convenient to shops, gyms and restaurants. A/C/E/Q/N/R/W/1 trains all close. Pet friendly. Primary residence only. Parents co-purchasing permitted.

Neighborhood Data

Neighborhood data shown for ZIP Code: 10036, New York, NY area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	22,094 (100%)
Owner Occupied HU	1,821 ( 8.2%)
Renter Occupied HU	17,192 (77.8%)
Vacant Housing Units	3,081 (13.9%)
Median Home Value	$1,328,629
Average Home Value	$1,335,710