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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Staten Island at 232 Armstrong Ave, Staten Island, NY, 10308 priced at $1,480,000 converts $7,714/mo rent into after a $7,244/mo obligation. Total monthly income equals $7,714/mo. Return on cash invested prints 14.94% in year one, and rental yield reads 6.25% against a $1,480,000 entry. Equity gained on principal adds $9,550/yr, while 5% annual appreciation compiles into $408,897 by year five. Five-year ROI reaches 76.76% and total cumulative return in cash sums $368,072. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $7,714/mo property income covering a $7,244/mo payment, not borrower’s personal income.
Multi Family
Built in 2024
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 10308, Staten Island, NY area.
| 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 |
Residential
8,899
Single Family
8,647
Multi-Family
252
Businesses
383
Date | Event | Price |
|---|---|---|
| 2024-07-01 | Listed for sale | $1,480,000 |
| 2017-01-19 | Sold | $430,000 |
| 2016-08-17 | Pending sale | $438,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-08-12 | N/A | N/A | $37,020 | 17.75% |
| 2022-08-12 | N/A | N/A | $31,440 | 7.38% |
| 2021-08-12 | N/A | N/A | $29,280 | -7.92% |
Listed by: Kalen Chen • Ashford Homes
Mls Name: SIBOR
Mls Provider:
Mls ID: #2403735
Disclaimer: Certain real estate listing data is provided by Staten Island MLS under its Internet Data Exchange program. This data is provided exclusively for consumers personal, non-commercial use and may only be used for identifying prospective properties consumers may be interested in purchasing or renting. Any other use of the data is hereby prohibited. Data deemed reliable but is not guaranteed accurate by Staten Island MLS and should be independently verified. Copyright 2024 Staten Island Multiple Listing Service, Inc. All rights reserved.
