66 Madison Ave APT 3J, New York, NY, 10016 | $1,266/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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66 Madison Ave APT 3J, New York, NY, 10016 | $1,266/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 Madison Ave APT 3J, New York, NY, 10016 offers $4,607/mo rent that, after a $1,713/mo payment, leaves $1,266/mo cash flow. Total monthly income is $4,607/mo, and annual cash flow is $15,190/yr on $116,025 cash. Return on cash invested measures 33% in year one, and rental yield stands at 15.8% at a $350,000 entry. Equity gained on principal adds $2,258/yr while 5% annual appreciation compounds into $96,699 by year five. Five-year ROI records 177.45% and total cumulative return in cash reaches $205,886. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,607/mo property income versus a $1,713/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.

Condo

Built in 1910

N/A lot

$N/A/sqft

$1,004 monthly HOA

More details about the property

FINAL REDUCTION , NOW, JUST 350K ! Wonderful studio in an elegant full-service doorman, elevator building. Located just a couple blocks from Madison Square Park. The main living area is currently situated with a queen-sized bed, a full-sized sofa, and a dining area. There is a separate windowed kitchen complete with full-sized appliances including a dishwasher. Wonderful closets, high ceilings, and hardwood floors give this delightful home a loft-like feel! Laundry and trash chute on every floor. Generous subletting policy after a short ownership period allowed. Pets allowed!

Neighborhood Data

Neighborhood data shown for ZIP Code: 10016, New York, NY area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	41,052 (100%)
Owner Occupied HU	8,730 (21.3%)
Renter Occupied HU	26,763 (65.2%)
Vacant Housing Units	5,559 (13.5%)
Median Home Value	$1,031,364
Average Home Value	$1,209,032