1160 Richmond Rd APT 2FStaten IslandNY10304
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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
Investment Highlights
Investment property for sale in Staten Island at 1160 Richmond Rd APT 2F, Staten Island, NY, 10304 offers a 8.44% rental yield on a $340,000 purchase with $2,390/mo rent. Total monthly income registers $2,390/mo, and a $1,664/mo payment leaves $120/mo available for distribution. Annual cash flow reaches $1,436/yr on $112,710 to close, and return on cash invested stands at 21.18% in year one. Equity gained on principal adds $2,194/yr while 5% annual appreciation supports $93,936 over five years. Portfolio math shows five-year ROI at 110.33% and total cumulative return in cash at $124,350. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,390/mo property income against a $1,664/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Apartment
Built in 1969
0.96 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 10304, Staten Island, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,193 (100%) |
| Owner Occupied HU | 7,309 (42.5%) |
| Renter Occupied HU | 8,780 (51.1%) |
| Vacant Housing Units | 1,104 ( 6.4%) |
| Median Home Value | $707,930 |
| Average Home Value | $824,191 |
Housing Distribution
Address Breakdown
Residential
14,695
Single Family
10,452
Multi-Family
4,243
Businesses
749
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Listed by: Teresa G Trovello • Robert DeFalco Realty, Inc.
Mls Name: SIBOR
Mls ID: #2502483