256 Katan Ave #BStaten 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 256 Katan Ave #B, Staten Island, NY, 10308 priced at $489,999 converts $3,287/mo rent into $15/mo cash flow after a $2,398/mo obligation. Total monthly income equals $3,287/mo, and annual cash flow totals $182/yr on $162,435 invested. Return on cash invested prints 20.02% in year one, and rental yield reads 8.05% against a $489,999 entry. Equity gained on principal adds $3,162/yr, while 5% annual appreciation compiles into $135,378 by year five. Five-year ROI reaches 104.1% and total cumulative return in cash sums $169,092. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,287/mo property income covering a $2,398/mo payment, not borrower’s personal income.
Condo
Built in 1987
871.20 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: Paul P Fay • Get Listed ! Get Sold ! NYC
Mls Name: SIBOR
Mls ID: #2505612