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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% |
Investment property for sale in Staten Island at 289 Nicholas Ave, Staten Island, NY, 10302 offers a 9.5% rental yield on a $699,000 purchase with $5,531/mo rent. Total monthly income registers $5,531/mo, and a $3,421/mo payment leaves $863/mo available for distribution. Annual cash flow reaches $10,361/yr on $229,971 to close, and return on cash invested stands at 24.57% in year one. Equity gained on principal adds $4,511/yr while 5% annual appreciation supports $193,121 over five years. Portfolio math shows five-year ROI at 128.43% and total cumulative return in cash at $295,358. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $5,531/mo property income against a $3,421/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Townhouse
Built in 2003
2,613 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 10302, Staten Island, NY area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,931 (100%) |
| Owner Occupied HU | 3,148 (45.4%) |
| Renter Occupied HU | 3,382 (48.8%) |
| Vacant Housing Units | 401 ( 5.8%) |
| Median Home Value | $626,311 |
| Average Home Value | $639,326 |
Residential
5,422
Single Family
4,735
Multi-Family
687
Businesses
553
Date | Event | Price |
|---|---|---|
| 2024-08-06 | Listed for sale | $699,000 |
| 2023-11-27 | Listing removed | N/A |
| 2023-02-10 | Listed for sale | $699,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-08-12 | N/A | N/A | $32,280 | 3.07% |
| 2022-08-12 | N/A | N/A | $31,320 | 16.52% |
| 2021-08-12 | N/A | N/A | $26,880 | -9.49% |
Listed by: Chandra C Blake • Keller Williams Realty Staten Island
Mls Name: SIBOR
Mls Provider:
Mls ID: #2404502
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.
