464 Columbus Ave APT 3B, New York, NY, 10024 | 7.42% Rental Yield

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464 Columbus Ave APT 3B, New York, NY, 10024 | 7.42% Rental Yield | 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

Rental property for sale in New York at 464 Columbus Ave APT 3B, New York, NY, 10024 priced at $550,000 converts $3,401/mo rent into after a $2,692/mo obligation. Total monthly income equals $3,401/mo. Return on cash invested prints 6.66% in year one, and rental yield reads 7.42% against a $550,000 entry. Equity gained on principal adds $3,549/yr, while 5% annual appreciation compiles into $151,955 by year five. Five-year ROI reaches 36.63% and total cumulative return in cash sums $66,274. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,401/mo property income covering a $2,692/mo payment, not borrower’s personal income.

Condo

Built in 1887

N/A lot

$N/A/sqft

$1,749 monthly HOA

More details about the property

*Low Priced One Bedroom in Prime Upper West Side ~ Cash Buyers Only* Welcome to 464 Columbus Avenue, Unit 3B, an unbeatable value in the heart of the Upper West Side. Listed at just $550,000, this is one of the lowest-priced one-bedroom apartments currently available in this iconic neighborhood. This charming and quiet home is located only two flights up in a well-maintained boutique condop building, just a stones throw from Central Park and the Museum of Natural History. Ideal for first-time buyers, parents co-purchasing with their (working) children or those seeking a smart investment property with immediate subletting allowed. Inside, youll find: - A spacious living and dining area with soaring ceilings, hardwood floors, and a working fireplace - A wall of oversized windows facing the interior for peace and quiet - A renovated, windowed kitchen featuring full-size stainless steel appliances and dark granite countertops - Brand-new HVAC units in both the living room and bedroom for year-round comfort - A jumbo walk-in entry closet offering excellent storage, and additional storage locker in basement - A Jack-and-Jill bathroom with access from both the bedroom and the main living space - Pets, immediate subletting after purchase, co-purchasing and washer/dryer permitted with board approval This rare Upper West Side find combines historic charm with modern convenience and unbeatable location. Please note: this is a cash-only purchase.

Neighborhood Data

Neighborhood data shown for ZIP Code: 10024, New York, NY area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	34,255 (100%)
Owner Occupied HU	10,791 (31.5%)
Renter Occupied HU	19,161 (55.9%)
Vacant Housing Units	4,303 (12.6%)
Median Home Value	$1,690,841
Average Home Value	$1,553,022