151-31 88th St #2FHoward BeachNY11414
Nearby investment properties with comparable rents
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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
Rental property for sale in Howard Beach at 151-31 88th St #2F, Howard Beach, NY, 11414 generates $2,382/mo in rent and, after a $830/mo payment, leaves $1,250/mo in cash flow. Total monthly income is $2,382/mo, and annual cash flow is $14,997/yr on $56,189 invested. Return on cash invested sits at 46.6% in year one, and rental yield is 16.86% on a $169,499 entry. Equity gained on principal adds $1,094/yr, while 5% annual appreciation builds toward $46,829 over five years. Five-year ROI reaches 246.62% and total cumulative return in cash sums $138,572. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,382/mo property income rather than buyer’s personal income.
Condo
Built in 1960
871.20 sqft lot
$N/A/sqft
No 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: Crystal Lia • CRM Real Estate
Mls Name: SIBOR
Mls Provider:
Mls ID: #2405169
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