66 Frankfort St APT 3E, New York, NY, 10038 | $2,073/mo Cash Flow

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66 Frankfort St APT 3E, New York, NY, 10038 | $2,073/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 66 Frankfort St APT 3E, New York, NY, 10038 priced at $925,000 pairs $9,186/mo rent with $2,073/mo cash flow after a $4,527/mo payment. Total monthly income equals $9,186/mo, and annual cash flow comes to $24,881/yr on $304,325 invested. Return on cash invested is 28.24% in year one, and rental yield stands at 11.92% on a $925,000 basis. Equity gained on principal adds $5,969/yr, and 5% annual appreciation accumulates to $255,560 by year five. Five-year ROI measures 149.45% and total cumulative return in cash reaches $454,813. For financing, Ziffy Mortgage’s DSCR program evaluates $9,186/mo property income against a $4,527/mo payment instead of your W2s, 1099s, or Tax returns.

Condo

Built in N/A

N/A lot

$N/A/sqft

$936 monthly HOA

More details about the property

One of the best true two bedroom values in all of Downtown! This apartment has tons of wonderful attributes: tranquil treetop view, large living area, separate dining alcove, double-entranced kitchen with tons of counter space, huge terrace that gets great direct morning and early afternoon light, and two king-sized bedrooms. This home also overlooks a beautifully planted and extremely tranquil/quiet large courtyard. An unbeatable price per SF with an extraordinarily low maintenance of $936 which includes electricity! This home is a blank canvas for you to create the apartment of your dreams! The bedrooms are also both generously sized allowing for plenty of space for king-sized bedroom furniture. Southbridge Towers is one of Downtown's best co-op's, not only for the generous size of the apartments and very competitive pricing, but also for the extraordinarily low maintenance (which includes all utilities). This apartment also has direct access to a parking garage where shareholders receive preferential pricing from day one. And there are also auxiliary storage spaces in the building. Southbridge Towers is located in prime FiDi, steps from the lively nightlife and restaurants of the Seaport and Tribeca, and very close to the city's most-useful transportation such as the A, C, E, 4, 5, 6, 1, 2, 3, R, W, J, and Z trains. Floorplan coming soon.

Neighborhood Data

Neighborhood data shown for ZIP Code: 10038, New York, NY area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	13,600 (100%)
Owner Occupied HU	2,863 (21.1%)
Renter Occupied HU	8,937 (65.7%)
Vacant Housing Units	1,800 (13.2%)
Median Home Value	$894,071
Average Home Value	$1,101,949