16 Colon AveStaten IslandNY10308
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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 Staten Island at 16 Colon Ave, Staten Island, NY, 10308 priced at $768,000 pairs $5,488/mo rent with $359/mo cash flow after a $3,759/mo payment. Total monthly income equals $5,488/mo, and annual cash flow comes to $4,313/yr on $252,672 invested. Return on cash invested is 21.77% in year one, and rental yield stands at 8.58% on a $768,000 basis. Equity gained on principal adds $4,956/yr, and 5% annual appreciation accumulates to $212,184 by year five. Five-year ROI measures 113.43% and total cumulative return in cash reaches $286,601. For financing, Ziffy Mortgage’s DSCR program evaluates $5,488/mo property income against a $3,759/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2006
2,176 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 10308, Staten Island, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,251 (100%) |
| Owner Occupied HU | 8,184 (72.7%) |
| Renter Occupied HU | 2,494 (22.2%) |
| Vacant Housing Units | 573 ( 5.1%) |
| Median Home Value | $668,886 |
| Average Home Value | $692,392 |
Housing Distribution
Address Breakdown
Residential
8,899
Single Family
8,647
Multi-Family
252
Businesses
383
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Listed by: Charles A. Fabbella • Ben Bay Realty Co of Bay Ridge
Mls Name: BNYMLS
Mls ID: #498403