520 W 23rd St APT 9A, New York, NY, 10011 | $1,246/mo Cash Flow

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520 W 23rd St APT 9A, New York, NY, 10011 | $1,246/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 520 W 23rd St APT 9A, New York, NY, 10011 offers $8,828/mo rent that, after a $3,911/mo payment, leaves $1,246/mo cash flow. Total monthly income is $8,828/mo, and annual cash flow is $14,953/yr on $262,871 cash. Return on cash invested measures 25.75% in year one, and rental yield stands at 13.26% at a $799,000 entry. Equity gained on principal adds $5,156/yr while 5% annual appreciation compounds into $220,749 by year five. Five-year ROI records 138.5% and total cumulative return in cash reaches $364,074. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $8,828/mo property income versus a $3,911/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.

Apartment

Built in 2003

N/A lot

$N/A/sqft

$2,246 monthly HOA

More details about the property

Newly Renovated Sun-Flooded & South Facing 1-Bed with Outdoor Space-- Investor friendly with subletting from day 1! The largest one bedroom line in the building, this 9th floor apartment spans nearly 700 square feet plus a sunny balcony. The building also has a beautifully furnished roof deck and landscape courtyard. This lovely residence features a large living room plus a dining area and can also accommodate a nice desk and reading nook. The apartment is lined with Oak wood floors, electric shades, central air and all new lighting, new doors, a newly renovated bathroom and an updated kitchen with stainless steel appliances. There are 3 large closets, which offer ample space for storage, and the serene bedroom accommodates a king or queen sized bed plus additional furniture. The Marais is wonderfully maintained and well-run investor-friendly condop with no board approval required and pied-a-terres / 1031 exchanges permitted. The amenities include a full-time staff of doormen and porters, landscaped courtyard plus a rooftop terrace with open Hudson River and NYC skyline views as well as a bike room.

Neighborhood Data

Neighborhood data shown for ZIP Code: 10011, New York, NY area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	34,957 (100%)
Owner Occupied HU	10,815 (30.9%)
Renter Occupied HU	19,813 (56.7%)
Vacant Housing Units	4,329 (12.4%)
Median Home Value	$1,184,111
Average Home Value	$1,321,727