439 E 88th St APT 5D, New York, NY, 10128 | $2,296/mo Cash Flow

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439 E 88th St APT 5D, New York, NY, 10128 | $2,296/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

Investment property for sale in New York at 439 E 88th St APT 5D, New York, NY, 10128 uses $130,943 cash to close to unlock $27,547/yr annual cash flow and $2,296/mo monthly cash flow. Total monthly income runs $5,933/mo, and a $1,933/mo payment keeps the spread at $2,296/mo. Purchase price stands at $395,000, and rental yield measures 18.02% with $5,933/mo rent. Return on cash invested shows 40.95% in year one, and 5% annual appreciation builds toward $109,131 over five years. Five-year ROI reaches 219.63% and total cumulative return in cash records $287,586. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $5,933/mo property income covering a $1,933/mo payment rather than investor’s personal income.

Condo

Built in 1915

N/A lot

$N/A/sqft

$1,000 monthly HOA

More details about the property

Welcome to the Upper East Side's charming studio apartment available for rent. Situated in a quiet and secure co-op building, this thoughtfully designed studio offers a perfect blend of comfort and functionality. Inside, you'll find a built-in queen-size Murphy bed and wall unit, ingeniously maximizing the use of space and providing a versatile living area. The apartment receives ample natural light, creating a warm and inviting ambiance. The kitchen and bathroom have undergone recent renovations, ensuring a modern and fresh aesthetic. The well-appointed kitchen features ample cabinet space, allowing for efficient storage, while the bathroom boasts contemporary fixtures and finishes. Storage will never be a concern, as the unit includes two double closets for your belongings. Residents of this well-managed co-op building benefit from the assistance of a live-in superintendent, ensuring any maintenance needs are promptly addressed. For added peace of mind, the building features double secure entry doors and a keyed elevator, ensuring a secure environment. Ideally situated, the apartment is just a short distance from Carl Schurz Park, the East River Promenade, Whole Foods, and a myriad of restaurants and shops. Transportation options are abundant with the nearby Q and 4/5/6 subway lines, providing easy access to the rest of the city. Welcome home to this charming and well-appointed studio apartment, offering a comfortable and convenient living experience in the heart of the Upper East Side.

Neighborhood Data

Neighborhood data shown for ZIP Code: 10128, New York, NY area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	34,000 (100%)
Owner Occupied HU	10,217 (30.0%)
Renter Occupied HU	20,689 (60.8%)
Vacant Housing Units	3,094 ( 9.1%)
Median Home Value	$1,343,678
Average Home Value	$1,415,704