32 McCormick PlStaten IslandNY10305
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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 32 McCormick Pl, Staten Island, NY, 10305 priced at $588,888 converts $3,244/mo rent into after a $2,882/mo obligation. Total monthly income equals $3,244/mo. Return on cash invested prints 15.8% in year one, and rental yield reads 6.61% against a $588,888 entry. Equity gained on principal adds $3,800/yr, while 5% annual appreciation compiles into $162,699 by year five. Five-year ROI reaches 81.41% and total cumulative return in cash sums $157,731. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,244/mo property income covering a $2,882/mo payment, not borrower’s personal income.
Townhouse
Built in 1975
2,178 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 10305, Staten Island, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,367 (100%) |
| Owner Occupied HU | 8,911 (54.4%) |
| Renter Occupied HU | 6,522 (39.8%) |
| Vacant Housing Units | 934 ( 5.7%) |
| Median Home Value | $679,181 |
| Average Home Value | $717,006 |
Housing Distribution
Address Breakdown
Residential
13,532
Single Family
11,254
Multi-Family
2,278
Businesses
873
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Listed by: Spiridoula Christina Zarkos • DiTommaso Real Estate
Mls Name: SIBOR
Mls ID: #2600444