296 Demorest 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 296 Demorest Ave, Staten Island, NY, 10314 offers $3,697/mo rent that, after a $4,008/mo payment. Total monthly income is $3,697/mo. Return on cash invested measures 12.17% in year one, and rental yield stands at 5.42% at a $818,800 entry. Equity gained on principal adds $5,284/yr while 5% annual appreciation compounds into $226,219 by year five. Five-year ROI records 61.95% and total cumulative return in cash reaches $166,878. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,697/mo property income versus a $4,008/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1930
3,049 sqft lot
$N/A/sqft
No HOA
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
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Listed by: Lori Sinagra • Jason Mitchell Real Estate NY
Mls Name: SIBOR
Mls Provider:
Mls ID: #2501619
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