350 Richmond Ter APT 7F, Staten Island, NY, 10301 | $38/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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350 Richmond Ter APT 7F, Staten Island, NY, 10301 | $38/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Staten Island at 350 Richmond Ter APT 7F, Staten Island, NY, 10301 generates $1,473/mo in rent and, after a $1,052/mo payment, leaves $38/mo in cash flow. Total monthly income is $1,473/mo, and annual cash flow is $451/yr on $71,273 invested. Return on cash invested sits at 20.54% in year one, and rental yield is 8.22% on a $215,000 entry. Equity gained on principal adds $1,387/yr, while 5% annual appreciation builds toward $59,401 over five years. Five-year ROI reaches 106.9% and total cumulative return in cash sums $76,189. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,473/mo property income rather than buyer’s personal income.

Condo

Built in 1960

1.66 Acres lot

$N/A/sqft

No HOA

More details about the property

Great opportunity to purchase a nice sized one-bedroom co-op at an affordable price! With some TLC this 7th floor unit provides for an easy and affordable living situation. It is a bright apartment with views of historic St. Peter's church. Besides the bedroom you also have a generously sized entrance foyer with build-in bookshelves which can be used as a home office, exercise area, or whatever you desire. The living room and dining room combination provide ample space for entertaining friends and family. The unit comes with 5 closets providing generous storage. The apartment has hard wood floors under the carpeting, a well-maintained vintage bathroom as well as kitchen in original but working condition. With minimal renovations this unit will be move-in ready. The common charges include everything (including real estate taxes). Your electric bill is the only other bill you pay, and the electric rate is at a much-reduced rate as the building has secured a preferred rate with the electric company. The location in St. George is a short commute to NYC and close to some of the most popular restaurants, the St. George theater, etc. With minimal renovations this unit will be move-in ready. A community room, laundry facilities, and secure entrance make for carefree living. Building allows only service animals. Requirements for buying include owner occupancy (no renting), good credit, as well as board approval.

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