151-25 88th St APT 2AHoward BeachNY11414
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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 Howard Beach at 151-25 88th St APT 2A, Howard Beach, NY, 11414 offers a 14.67% rental yield on a $189,888 purchase with $2,322/mo rent. Total monthly income registers $2,322/mo, and a $929/mo payment leaves $195/mo available for distribution. Annual cash flow reaches $2,344/yr on $62,948 to close, and return on cash invested stands at 23.63% in year one. Equity gained on principal adds $1,225/yr while 5% annual appreciation supports $52,463 over five years. Portfolio math shows five-year ROI at 129.42% and total cumulative return in cash at $81,469. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,322/mo property income against a $929/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1960
N/A lot
$N/A/sqft
$859 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11414, Howard Beach, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,349 (100%) |
| Owner Occupied HU | 7,623 (67.2%) |
| Renter Occupied HU | 3,107 (27.4%) |
| Vacant Housing Units | 619 ( 5.5%) |
| Median Home Value | $724,113 |
| Average Home Value | $718,758 |
Housing Distribution
Address Breakdown
Residential
9,976
Single Family
6,401
Multi-Family
3,575
Businesses
466
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Listed by: Priscilla Penafiel - Licensed Real Estate Salesperson • EXP Realty NYC
Mls Name: StreetEasy
Mls ID: #1713651