188 Lander AveStaten IslandNY10314
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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 188 Lander Ave, Staten Island, NY, 10314 priced at $830,000 converts $5,933/mo rent into $391/mo cash flow after a $4,062/mo obligation. Total monthly income equals $5,933/mo, and annual cash flow totals $4,690/yr on $273,070 invested. Return on cash invested prints 21.78% in year one, and rental yield reads 8.58% against a $830,000 entry. Equity gained on principal adds $5,356/yr, while 5% annual appreciation compiles into $229,314 by year five. Five-year ROI reaches 113.47% and total cumulative return in cash sums $309,858. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $5,933/mo property income covering a $4,062/mo payment, not borrower’s personal income.
Single Family
Built in 1965
6,534 sqft lot
$N/A/sqft
No HOA
More details about the property
Neighborhood Data
Neighborhood data shown for ZIP Code: 10314, Staten Island, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 34,282 (100%) |
| Owner Occupied HU | 21,460 (62.6%) |
| Renter Occupied HU | 10,769 (31.4%) |
| Vacant Housing Units | 2,053 ( 6.0%) |
| Median Home Value | $710,048 |
| Average Home Value | $738,671 |
Housing Distribution
Address Breakdown
Residential
26,882
Single Family
24,403
Multi-Family
2,479
Businesses
1,761
Price History
Date | Event | Price |
|---|---|---|
| 2024-09-11 | Price change | $830,000 |
| 2024-07-31 | Price change | $849,000 |
| 2024-05-14 | Listed for sale | $879,000 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-09-15 | N/A | N/A | $44,460 | 15.24% |
| 2022-09-15 | N/A | N/A | $38,580 | -0.16% |
| 2021-09-15 | N/A | N/A | $38,640 | -2.57% |
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Facts & Features
General Information
- Type: SingleFamily
- Year Built: 1965
- Architectural Style: Colonial
- Building Area: 1,403
- Living Area: 1,403 sqft
- Property Condition: N/A
Features & Amenities
- Heating: Hot Water, Natural Gas
- Cooling: N/A
- Flooring: N/A
- Interior Features: N/A
- Exterior Features: N/A
- Parking Features: Off Street
Location
- City: Staten Island
- State: NY
- Subdivision: N/A
- Lot Size: 6,534 sqft
- Lot Features: Back
- View: N/A
HOA & Fees
- HOA Fee: N/A
- Association Fee: N/A
- Fees & Dues: N/A
- Association Amenities: N/A
- Association Fee Includes: N/A
Utilities
- Utilities: N/A
- Sewer: Public Sewer
- Water Source: N/A
- Road Surface Type: N/A
School Information
- Elementary School: N/A
- Middle School: N/A
- High School: N/A
Listed by: Pia Ciccarelli • Robert DeFalco Realty, Inc.
Mls Name: SIBOR
Mls Provider:
Mls ID: #2402718
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