45 Sutton Pl APT 3D, New York, NY, 10022 | $2,417/mo Cash Flow

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45 Sutton Pl APT 3D, New York, NY, 10022 | $2,417/mo Cash Flow | Ziffy

For Sale

Fix & Flip

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 45 Sutton Pl APT 3D, New York, NY, 10022 with 5% annual appreciation on a $899,000 basis while $8,420/mo rent supports operations. Total monthly income totals $8,420/mo and a $4,400/mo payment preserves $2,417/mo for cash returns. Annual cash flow comes to $29,001/yr on $295,771 deployed, and return on cash invested reaches 29.87% in year one. Equity gained on principal adds $5,801/yr, and five-year appreciation sums $248,377 alongside rental yield of 11.24%. Five-year ROI measures 156.84% and total cumulative return in cash totals $463,894.

Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $8,420/mo property income versus a $4,400/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.

Condo

Built in 1958

N/A lot

$N/A/sqft

No HOA

More details about the property

REVISION-READY RAMBLER w/TREETOP & BRIDGE VIEWS BIG & BRIGHT MID-CENTURY MAKEOVER OPPORTUNITY CREATE YOUR SUTTON DREAM HOME IN COVETED CANNON POINT SOUTH Welcome to space. Welcome to location. Welcome to opportunity. Here's your chance to customize your own big Sutton Place home. With treetop views from all of its big windows, this diamond-in-the-rough is ready to sparkle. Leafy sidelong peeks of the 59th Street Bridge & the East River grace the big, deep living room, sizable windowed kitchen, and both large split bedroom suites. There is room here for multiple seating areas, an open-flow dining area, a home office and (possibly) a washer/dryer. Ideal for an expansive life, this is a Midcentury marvel with surprisingly high ceilings, big closets, huge rooms, and tons of soul. The light is soft, the views are gentle, the scale is substantial, and the potential you'll discover in this rambling heart-warmer is tremendous. Right here, right now, you have the chance to create your dream home. With your unique vision, and with your contractor's craftsmanship, your trophy residence can be realized a home perfectly tailored to all of your growing needs. Contact me for an appointment, and please bring your contractor/designer. I look forward to introducing you and your team to space, location, and opportunity all in a well regarded, full service, pet-friendly, non-smoking building with live-in Super and a seasoned staff. Here, in the well-served, prestigious Cannon Point South -- with its planted river-view roof deck, gym, garage, bike room and complimentary storage -- life is easy and fun. Your sweet Sutton Place location comes with bragging rights: Nearby are the area's most prized shopping (Whole Foods, Trader Joe's, Midtown Catch), dining, cultural, and educational destinations plus easy access to the new East River Promenade. Ready to pilot your next residential adventure? Your custom dream home is ready to take flight -- ready to soar. (2% Flip Tax Paid by Buyer; Maintenance includes all utilities; Dogs and smoking not permitted; Pied-a-Terres, Guarantors, and Co-Purchases welcome case-by-case)

Neighborhood Data

Neighborhood data shown for ZIP Code: 10022, New York, NY area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	27,279 (100%)
Owner Occupied HU	11,002 (40.3%)
Renter Occupied HU	11,015 (40.4%)
Vacant Housing Units	5,262 (19.3%)
Median Home Value	$1,223,949
Average Home Value	$1,331,078