447 W 45th St APT 5B, New York, NY, 10036 | $278/mo Cash Flow

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447 W 45th St APT 5B, New York, NY, 10036 | $278/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

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 447 W 45th St APT 5B, New York, NY, 10036 listed at $799,995 pairs $5,621/mo rent with a $3,916/mo payment to leave $278/mo cash flow. Total monthly income runs $5,621/mo, and annual cash flow reaches $3,340/yr on $263,198 cash to close. Return on cash invested measures 21.33% in year one, and rental yield registers 8.43% at a $799,995 basis. Equity gained on principal adds $5,162/yr, and annual property appreciation at 5% supports $221,024 by year five. Five-year ROI tracks 111.08% and total cumulative return in cash totals $292,350. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $5,621/mo property income relative to a $3,916/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Condo

Built in 1986

N/A lot

$N/A/sqft

No HOA

More details about the property

BACK ON MARKET and now vacant. Hell's Kitchen CONDO with private GARDEN! A bright high floor TRUE one bedroom condo with only $69x0/mth in common charges! This spacious one bedroom apartment has a sun filled SOUTH exposure in a vibrant and excited neighborhood. The oversized bedroom has ample space for a king size bed, home office, and double closets that extend to the ceiling. The Clinton Club Condominium is the Gramercy Park of Hell's Kitchen with a large and private keyed garden that is ONLY for use by residents. Built in 1986 this 34 unit condooffers a live-in super, video intercom system an laundry without the high fees of newer condos. Located close to the Theater district, Hudson Yards, Chelsea Piers, and the Highline, you are in close proximity to some of the best dining, shopping, and cultural experiences Manhattan has to offer, while living in a residential enclave next to the Marvel Art Center and theMatthew Palmer playground. Pets, guarantor, co-purchasing, renting, and owning in an LLC/Corp are all permitted.

Neighborhood Data

Neighborhood data shown for ZIP Code: 10036, New York, NY area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	22,094 (100%)
Owner Occupied HU	1,821 ( 8.2%)
Renter Occupied HU	17,192 (77.8%)
Vacant Housing Units	3,081 (13.9%)
Median Home Value	$1,328,629
Average Home Value	$1,335,710