60 E 9th St APT 502, New York, NY, 10003 | $199/mo Cash Flow

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60 E 9th St APT 502, New York, NY, 10003 | $199/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 60 E 9th St APT 502, New York, NY, 10003 generates $5,160/mo in rent and, after a $2,912/mo payment, leaves $199/mo in cash flow. Total monthly income is $5,160/mo, and annual cash flow is $2,387/yr on $195,755 invested. Return on cash invested sits at 21.28% in year one, and rental yield is 10.41% on a $595,000 entry. Equity gained on principal adds $3,839/yr, while 5% annual appreciation builds toward $164,388 over five years. Five-year ROI reaches 113% and total cumulative return in cash sums $221,198. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $5,160/mo property income rather than buyer’s personal income.

Condo

Built in 1954

N/A lot

$N/A/sqft

$988 monthly HOA

More details about the property

Charming Alcove Studio with Low Maintenance in Greenwich Village If you have been searching for a stylish studio with low monthly maintenance in the heart of the Village, look no further! Situated on one of the most picturesque blocks in Greenwich Village, The Hamilton offers a rare blend of charm and modern convenience. Perched on a high corner floor, Apartment 502 is a beautifully renovated alcove studio that easily converts into a one-bedroom. The apartment boasts original hardwood floors, abundant closet space, and two exposures that flood the home with natural light. The sleek, fully renovated open kitchen features ample storage, stainless steel appliances-including a dishwasher-and a seamless flow into the living space. The windowed bathroom adds extra character and light, while the generous closets provide excellent storage solutions. The Hamilton is a full-service, pet-friendly co-op with a 24-hour doorman, resident manager, and a host of amenities, including a beautifully landscaped garden, central laundry room, bike storage, and additional storage units (waitlist applies). Ideally located near all major transportation, the building is just moments from Union Square and Washington Square Park. The co-op allows 75% financing with no flip tax. Guarantors, co-purchasing, and gifting are permitted. Subletting is allowed after two years of ownership for up to three years. Sorry, pied- -terres are not permitted. Don't miss out-this is the Village gem you have been waiting for!

Neighborhood Data

Neighborhood data shown for ZIP Code: 10003, New York, NY area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	32,236 (100%)
Owner Occupied HU	8,911 (27.6%)
Renter Occupied HU	19,242 (59.7%)
Vacant Housing Units	4,083 (12.7%)
Median Home Value	$1,114,519
Average Home Value	$1,316,464