261 Grimsby StStaten IslandNY10306
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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 261 Grimsby St, Staten Island, NY, 10306 priced at $599,888 converts $3,920/mo rent into after a $2,936/mo obligation. Total monthly income equals $3,920/mo. Return on cash invested prints 19.54% in year one, and rental yield reads 7.84% against a $599,888 entry. Equity gained on principal adds $3,871/yr, while 5% annual appreciation compiles into $165,738 by year five. Five-year ROI reaches 101.48% and total cumulative return in cash sums $200,281. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,920/mo property income covering a $2,936/mo payment, not borrower’s personal income.
Single Family
Built in 1920
3,920 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 10306, Staten Island, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,923 (100%) |
| Owner Occupied HU | 13,942 (63.6%) |
| Renter Occupied HU | 6,761 (30.8%) |
| Vacant Housing Units | 1,220 ( 5.6%) |
| Median Home Value | $710,351 |
| Average Home Value | $735,738 |
Housing Distribution
Address Breakdown
Residential
19,057
Single Family
16,885
Multi-Family
2,172
Businesses
1,160
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Listed by: Lori A Ficarra • DiTommaso Real Estate
Mls Name: SIBOR
Mls ID: #2506912