425 W 24th St #3GFNew YorkNY10011
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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
Investment Highlights
Rental property for sale in New York at 425 W 24th St #3GF, New York, NY, 10011 generates $13,174/mo in rent and, after a $6,113/mo payment, leaves $3,757/mo in cash flow. Total monthly income is $13,174/mo, and annual cash flow is $45,079/yr on $404,676 invested. Return on cash invested sits at 31.51% in year one, and rental yield is 12.66% on a $1,249,000 entry. Equity gained on principal adds $8,060/yr, while 5% annual appreciation builds toward $345,076 over five years. Five-year ROI reaches 166.76% and total cumulative return in cash sums $674,843. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $13,174/mo property income rather than buyer’s personal income.
Condo
Built in 1900
N/A lot
$N/A/sqft
$1,077 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 10011, New York, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 34,957 (100%) |
| Owner Occupied HU | 10,815 (30.9%) |
| Renter Occupied HU | 19,813 (56.7%) |
| Vacant Housing Units | 4,329 (12.4%) |
| Median Home Value | $1,184,111 |
| Average Home Value | $1,321,727 |
Housing Distribution
Address Breakdown
Residential
32,777
Single Family
554
Multi-Family
32,223
Businesses
2,828
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