425 5th Ave APT 24A, New York, NY, 10016 | 8.81% Rental Yield

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425 5th Ave APT 24A, New York, NY, 10016 | 8.81% Rental Yield | 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 425 5th Ave APT 24A, New York, NY, 10016 priced at $1,198,000 pairs $8,794/mo rent with after a $5,864/mo payment. Total monthly income equals $8,794/mo. Return on cash invested is 19.25% in year one, and rental yield stands at 8.81% on a $1,198,000 basis. Equity gained on principal adds $7,731/yr, and 5% annual appreciation accumulates to $330,985 by year five. Five-year ROI measures 101.17% and total cumulative return in cash reaches $392,707. For financing, Ziffy Mortgage’s DSCR program evaluates $8,794/mo property income against a $5,864/mo payment instead of your W2s, 1099s, or Tax returns.

Condo

Built in 2003

N/A lot

$N/A/sqft

$1,155 monthly HOA

More details about the property

FIFTH AVENUE CONDO with SUNSHINE throughout the day and spectacular VIEWS of the SKYLINE of Manhattan by night! Enjoy the fireworks from 4th of July and Macy's Day Parade from the comfort of your home and 180 degrees views of midtown to uptown. SIX windows throughout the apt and sliding doors that connect living area to bedroom allows for amazing FLOW and LIGHT throughout the apartment. FIVE oversized CLOSETS, Mahogany floors, windowed kitchen, OVERSIZED BEDROOM that can easily become a CONVERTIBLE TWO BEDROOM. LOW TAXES OF $628 and can be lower if primary residence. TOTAL monthly is ONLY $1,783- Building amenities include: Gym, pool, outdoor patio, children's playroom, lounge and courtyard on street level. There is Bryant Park year round activities only a block away, Whole Foods, Bakeries, transportation, and fine dining just short walk away. In the center of it all but without giving up the neighborhood and community feel.

Neighborhood Data

Neighborhood data shown for ZIP Code: 10016, New York, NY area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	41,052 (100%)
Owner Occupied HU	8,730 (21.3%)
Renter Occupied HU	26,763 (65.2%)
Vacant Housing Units	5,559 (13.5%)
Median Home Value	$1,031,364
Average Home Value	$1,209,032