616 E 9th St APT 2W, New York, NY, 10009 | $1,099/mo Cash Flow

Save Search

Filters Applied

EditEdit Filters

Filters Applied:

Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

EditEdit Filters

616 E 9th St APT 2W, New York, NY, 10009 | $1,099/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

2 Bed
2 Bath
1117 sft

99 Hudson St #4112, Jersey City, NJ, 07302

6 Bed
2 Bath
2310 sft

134 Cromwell Ave, Staten Island, NY, 10304

5 Bed
2 Bath
2080 sft

264 Rathbun Ave, Staten Island, NY, 10312

4 Bed
3 Bath
762 sft

153 Shafter Ave, Staten Island, NY, 10308

Nearby investment properties with comparable prices

1 Bed
1 Bath
- sft

550 Grand St APT H10D, Manhattan, NY, 10002

1 Bed
1 Bath
566 sft

389 Washington St #31D, Jersey City, NJ, 07302

1 Bed
1 Bath
- sft

473 Franklin D Roosevelt Dr APT K801, New York, NY, 10002

1 Bed
1 Bath
566 sft

389 Washington St APT 21D, Jersey City, NJ, 07302

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

Explore more listings using simple english

Investment Highlights

Rental property for sale in New York at 616 E 9th St APT 2W, New York, NY, 10009 generates $4,966/mo in rent and, after a $2,834/mo payment, leaves $1,099/mo in cash flow. Total monthly income is $4,966/mo, and annual cash flow is $13,193/yr on $190,491 invested. Return on cash invested sits at 26.99% in year one, and rental yield is 10.29% on a $579,000 entry. Equity gained on principal adds $3,736/yr, while 5% annual appreciation builds toward $159,967 over five years. Five-year ROI reaches 141.42% and total cumulative return in cash sums $269,395. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,966/mo property income rather than buyer’s personal income.

Condo

Built in N/A

N/A lot

$N/A/sqft

No HOA

More details about the property

Spectacular HDFC Coop. Situated in the heart of Alphabet City 1/2 a block from Thompson Square Park. Located on a peaceful tree-lined block, yet moments from the energy of the East Village, you're surrounded by a rich mix of restaurants, cafes, nightlife, and cultural attractions. This 1 bedroom, 1 bathroom railroad style layout is situated on the 2nd floor. Rear outdoor patio area. Storage space in the basement. The apartment has a flexible layout with 9' high ceilings, and many windows allowing for plenty of natural light, N/S exposure. There are 4 buildings consisting of 6 commercial retail stores that constantly feed the coops financial reserves. This HDFC prewar Coop features a super/handyman, intercom system, great managing agent, and very strong financials. Updated boiler & chimney, upgraded/painted interior hallways & stairs to 2nd floor, pet friendly, bike rack in rear, W/D & dishwasher allowed with licensed plumber upon board approval. No Investors, Primary residence only. HDFC Coop - Income caps apply based on the most recent tax return. HDFC Income Restrictions (Primary Residence Only): 1 person: $136,080 2 people: $155,520 3 people: $174,960. Dont miss your chance to own a renovated gem in one of NYCs most vibrant neighborhoods. Schedule a private showing today!

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