530F Grand St APT 8E, New York, NY, 10002 | 7.49% Rental Yield

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530F Grand St APT 8E, New York, NY, 10002 | 7.49% 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 $4,800/mo, and a $3,764/mo payment. Purchase price stands at $769,000, and rental yield measures 7.49% with $4,800/mo rent. Return on cash invested shows 18.47% in year one, and 5% annual appreciation builds toward $212,461 over five years. Five-year ROI reaches 95.74% and total cumulative return in cash records $242,215. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,800/mo property income covering a $3,764/mo payment rather than investor’s personal income.

Condo

Built in 1949

N/A lot

$N/A/sqft

No HOA

More details about the property

Large 2 bedroom apt in the Hillman houses on the lower eastside. The apartment offers a large living room, 2 spacious bedrooms, an area that can be used as an office, windowed eat in kitchen and 5 spacious closets, and a windowed bathroom. Doorman that is located in the next door building. In the building is a gym which you can access from the elevator. There is a laundry room with many machines. Storage is available through a waiting list as well as a bicycle room. Across the street is a newly renovated park. Behind the building is a private park. Small dogs are allowed as well as in unit washing machines. There is a garage on the block next to building. Pied-a-terre, co-purchasing are allowed. Subletting is allowed after you have occupied the apartment for two years. Supermarket, drug store as well as convenient bus stops and trains nearby. Trader Joes, Target, movie theaters, and Essex street market.

Neighborhood Data

Neighborhood data shown for ZIP Code: 10002, New York, NY area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	40,854 (100%)
Owner Occupied HU	6,264 (15.3%)
Renter Occupied HU	31,158 (76.3%)
Vacant Housing Units	3,432 ( 8.4%)
Median Home Value	$821,930
Average Home Value	$952,686