49 Morton St APT 7A, New York, NY, 10014 | $3,729/mo Cash Flow

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49 Morton St APT 7A, New York, NY, 10014 | $3,729/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 49 Morton St APT 7A, New York, NY, 10014 priced at $395,000 converts $7,289/mo rent into $3,729/mo cash flow after a $1,933/mo obligation. Total monthly income equals $7,289/mo, and annual cash flow totals $44,743/yr on $130,943 invested. Return on cash invested prints 54.08% in year one, and rental yield reads 22.14% against a $395,000 entry. Equity gained on principal adds $2,549/yr, while 5% annual appreciation compiles into $109,131 by year five. Five-year ROI reaches 289.78% and total cumulative return in cash sums $379,446. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $7,289/mo property income covering a $1,933/mo payment, not borrower’s personal income.

Condo

Built in 1926

N/A lot

$N/A/sqft

$923 monthly HOA

More details about the property

Bright and Sunny West Village Co-Op - Top Floor Studio with Stunning City Views - Morton Street between Hudson and Bedford Lovely Studio apartment on the top floor of a seven story elevator building. The apartment is in the back of the building, it gets great light and has skyline views, incl. the Empire State Building and The Edge. Ceiling height is 8'6" Good closet space Windowed Bathroom Nice hardwood floors Laundry in the building 47-49 Morton Street is a Co-op building with 28 units. The building allows pied--terres, co-purchasing and gifting. Subletting is allowed after one year of ownership with Board approval. Sublet fees apply. There is no flip tax. This apartment is in the midst of all of the entertainment, restaurants and shopping in the wonderful West Village. Close to NYU, The New School, and Parsons School of Design. Equinox Printing House is around the corner, Chelsea Piers is close by and the Hudson River water front is just a couple of blocks west. Close to the 1, A, B, C, D, E, F, M trains, the path train at Christopher and Hudson, and the M20, M21 and M55 buses.

Neighborhood Data

Neighborhood data shown for ZIP Code: 10014, New York, NY area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	21,730 (100%)
Owner Occupied HU	5,412 (24.9%)
Renter Occupied HU	13,475 (62.0%)
Vacant Housing Units	2,843 (13.1%)
Median Home Value	$1,392,361
Average Home Value	$1,447,235