429 W 24th St APT 5A, New York, NY, 10011 | $3,421/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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429 W 24th St APT 5A, New York, NY, 10011 | $3,421/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

Rental property for sale in New York at 429 W 24th St APT 5A, New York, NY, 10011 priced at $649,000 converts $8,612/mo rent into $3,421/mo cash flow after a $3,177/mo obligation. Total monthly income equals $8,612/mo, and annual cash flow totals $41,047/yr on $213,521 invested. Return on cash invested prints 39.28% in year one, and rental yield reads 15.92% against a $649,000 entry. Equity gained on principal adds $4,188/yr, while 5% annual appreciation compiles into $179,307 by year five. Five-year ROI reaches 209.09% and total cumulative return in cash sums $446,460. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $8,612/mo property income covering a $3,177/mo payment, not borrower’s personal income.

Condo

Built in 1920

N/A lot

$N/A/sqft

$857 monthly HOA

More details about the property

Sponsor Apartment. No board approval. Superb Coop Rental Policy. Outstanding for rental investment or to live in. Perfect opportunity to design your dream home or use for investment. This light and airy apartment has been renovated to a white box finish allowing you to customize every detail to your personal taste or if you prefer only do minor work it is move in condition. Priced competitively with very low monthly charges, this space boasts high 9.5-foot ceilings, and excellent light creating an open and spacious feel. The decorative brick fireplace adds a true touch of character and charm. . In addition, because of the combination low purchase price, low monthly charges and liberal subletting policy, this apartment is one of the few that is an outstanding rental investment as well. You can actually realize a profit. Located in an immaculately maintained cooperative building with newly renovated interiors, The building's prime Chelsea location puts you within walking distance of the High Line, renowned art galleries, Chelsea Market, and all major transportation options, ensuring easy access to everywhere. Don't miss out on this unique opportunity to create a home that reflects your style and vision; contact us today to schedule a viewing and explore the endless possibilities this apartment holds. Will not last.

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