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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in New York at 413 Grand St APT 501, New York, NY, 10002 priced at $1,300,000 converts $12,538/mo rent into $2,329/mo cash flow after a $6,363/mo obligation. Total monthly income equals $12,538/mo, and annual cash flow totals $27,944/yr on $421,200 invested. Return on cash invested prints 27% in year one, and rental yield reads 11.57% against a $1,300,000 entry. Equity gained on principal adds $8,389/yr, while 5% annual appreciation compiles into $359,166 by year five. Five-year ROI reaches 143.03% and total cumulative return in cash sums $602,427. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $12,538/mo property income covering a $6,363/mo payment, not borrower’s personal income.
Condo
Built in 1960
N/A lot
$N/A/sqft
$1,528 monthly HOA
Neighborhood data shown for ZIP Code: 10002, New York, NY area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 40,854 (100%) |
| Owner Occupied HU | 6,264 (15.3%) |
| Renter Occupied HU | 31,158 (76.3%) |
| Vacant Housing Units | 3,432 ( 8.4%) |
| Median Home Value | $821,930 |
| Average Home Value | $952,686 |
Residential
38,568
Single Family
2,061
Multi-Family
36,507
Businesses
2,805
Date | Event | Price |
|---|---|---|
| 2024-03-01 | Listed for sale | $1,300,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Ezturkel - Licensed Real Estate Broker • Ira E Turkel, LREB
Mls Name: StreetEasy
Mls ID: #1699816
