350 Richmond Ter APT 1HStaten IslandNY10301
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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
Investment property for sale in Staten Island at 350 Richmond Ter APT 1H, Staten Island, NY, 10301 uses $72,930 cash to close to unlock $1,184/yr annual cash flow and $99/mo monthly cash flow. Total monthly income runs $1,568/mo, and a $1,077/mo payment keeps the spread at $99/mo. Purchase price stands at $220,000, and rental yield measures 8.55% with $1,568/mo rent. Return on cash invested shows 21.53% in year one, and 5% annual appreciation builds toward $60,782 over five years. Five-year ROI reaches 112.2% and total cumulative return in cash records $81,827. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,568/mo property income covering a $1,077/mo payment rather than investor’s personal income.
Condo
Built in 1960
871.20 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 10301, Staten Island, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,290 (100%) |
| Owner Occupied HU | 6,622 (38.3%) |
| Renter Occupied HU | 9,278 (53.7%) |
| Vacant Housing Units | 1,390 ( 8.0%) |
| Median Home Value | $726,482 |
| Average Home Value | $771,820 |
Housing Distribution
Address Breakdown
Residential
14,455
Single Family
8,775
Multi-Family
5,680
Businesses
926
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Listed by: Domenic Trombetta • Prodigy Real Estate Inc.
Mls Name: SIBOR
Mls ID: #2504374