408 8th Ave APT 3A, New York, NY, 10001 | $982/mo Cash Flow

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408 8th Ave APT 3A, New York, NY, 10001 | $982/mo Cash Flow | 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

Investment property for sale in New York at 408 8th Ave APT 3A, New York, NY, 10001 uses $328,671 cash to close to unlock $11,789/yr annual cash flow and $982/mo monthly cash flow. Total monthly income runs $7,654/mo, and a $4,890/mo payment keeps the spread at $982/mo. Purchase price stands at $999,000, and rental yield measures 9.19% with $7,654/mo rent. Return on cash invested shows 23.65% in year one, and 5% annual appreciation builds toward $276,005 over five years. Five-year ROI reaches 123.5% and total cumulative return in cash records $405,914. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $7,654/mo property income covering a $4,890/mo payment rather than investor’s personal income.

Condo

Built in 1986

N/A lot

$N/A/sqft

No HOA

More details about the property

3-Bedroom Condo with Huge Private Terrace Only $999K! Rare opportunity to own a 3-bedroom condo under $1million at the crossroads of Hudson Yards & North Chelsea. Originally a 2-bedroom, this home has been smartly converted into a spacious 3-bedroom layout. Each bedroom comfortably fits a king-sized bed, and the apartment features beautiful hardwood floors, a renovated kitchen with stainless steel appliances, and generous closet space throughout. Step outside to your own private terrace approximately 16 x 18 offering an ideal space for outdoor dining, entertaining, or simply relaxing. Located in a well-maintained elevator building with a doorman and laundry facilities, this home offers unbeatable value and convenience just minutes from Penn Station, Hudson Yards, the High Line, and countless restaurants and shops. Dont miss this chance to own a rare 3-bedroom condo in one of Manhattans most desirable neighborhoods all for $999,000.

Neighborhood Data

Neighborhood data shown for ZIP Code: 10001, New York, NY area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	19,863 (100%)
Owner Occupied HU	3,468 (17.5%)
Renter Occupied HU	13,783 (69.4%)
Vacant Housing Units	2,612 (13.2%)
Median Home Value	$797,546
Average Home Value	$997,143