513 E 5th St APT 1B, Manhattan, NY, 10009 | 5.16% Rental Yield

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513 E 5th St APT 1B, Manhattan, NY, 10009 | 5.16% 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

Total monthly income runs $4,079/mo, and a $4,645/mo payment. Purchase price stands at $949,000, and rental yield measures 5.16% with $4,079/mo rent. Return on cash invested shows 2.83% in year one, and 5% annual appreciation builds toward $262,191 over five years. Five-year ROI reaches 14.98% and total cumulative return in cash records $46,776. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,079/mo property income covering a $4,645/mo payment rather than investor’s personal income.

Condo

Built in 1929

N/A lot

$N/A/sqft

$2,224 monthly HOA

More details about the property

A quintessential urban oasis. Enter into a garden-facing airy sanctuary, with high ceilings, wood floors, and exposed brick, looking out upon private outdoor below. The spacious landscaped garden features a mini green house, al fresco dining area, and plenty of greenery that you can reimagine as you see fit. As a bonus, this coop has a relaxed subletting policy. In-unit washer/dryer. 513 E 5th St is located on a "secret" block that meets avenues A and B but goes no further. There are a few great restaurants on the block to visit, otherwise very little thru traffic. Building allows subletting, pied-a-terres, and guarantors. Tompkins Square Park is just two blocks north. NOTES: - All showings are by appointment only, including open houses - Cat friendly building - Actual photos of the unit, some have been retouched - Co-broke listing, ask for details Corcoran Group listing

Neighborhood Data

Neighborhood data shown for ZIP Code: 10009, New York, NY area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	33,143 (100%)
Owner Occupied HU	3,150 ( 9.5%)
Renter Occupied HU	27,711 (83.6%)
Vacant Housing Units	2,282 ( 6.9%)
Median Home Value	$825,844
Average Home Value	$931,918