504 W 55th St APT 2W, New York, NY, 10019 | $447/mo Cash Flow

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504 W 55th St APT 2W, New York, NY, 10019 | $447/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

Rental property for sale in New York at 504 W 55th St APT 2W, New York, NY, 10019 priced at $470,000 pairs $3,968/mo rent with $447/mo cash flow after a $2,300/mo payment. Total monthly income equals $3,968/mo, and annual cash flow comes to $5,362/yr on $155,805 invested. Return on cash invested is 23.35% in year one, and rental yield stands at 10.13% on a $470,000 basis. Equity gained on principal adds $3,033/yr, and 5% annual appreciation accumulates to $129,852 by year five. Five-year ROI measures 123% and total cumulative return in cash reaches $191,637. For financing, Ziffy Mortgage’s DSCR program evaluates $3,968/mo property income against a $2,300/mo payment instead of your W2s, 1099s, or Tax returns.

Condo

Built in N/A

N/A lot

$N/A/sqft

$383 monthly HOA

More details about the property

Tucked away in a delightful pre-war HDFC cooperative on West 55th Street, this newly renovated and turnkey residence stands just moments from Hudson River Park, Central Park, Columbus Circle, Lincoln Center, and the vibrant heart of Midtown. Positioned on the second floor, this gem greets you with a north-facing living room, boasting high ceilings, newly polished floors, a renovated kitchen adorned with a fresh countertop, and a beautifully refinished bathroom. The south-facing bedroom offers a serene sanctuary, overlooking the buildings landscaped courtyard garden. Revel in the convenience of access to the courtyard garden, complete with a charming gazebo and cozy seating area. Additional amenities include private storage and bike storage available at an extra cost. Financing of up to 80% of the purchase price is allowed. Site Five Co-operative is a distinguished collection of 44 cooperative apartments, spread across five stories, nestled in the historic Hells Kitchen neighborhood. The exceptionally low maintenance fees are a result of four income-generating commercial properties owned by the cooperative. This well-managed building features a resident superintendent, a tranquil courtyard garden, and a private storage facility. Pets are warmly welcomed. The serene atmosphere of this intimate cooperative, coupled with its prime Midtown Manhattan location, provides tenant-shareholders with the finest that Manhattan has to offer. . Parents gifting is allowed.

Neighborhood Data

Neighborhood data shown for ZIP Code: 10019, New York, NY area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	35,231 (100%)
Owner Occupied HU	4,717 (13.4%)
Renter Occupied HU	24,438 (69.4%)
Vacant Housing Units	6,076 (17.2%)
Median Home Value	$962,650
Average Home Value	$1,201,466