350 Richmond Ter APT 7JStaten 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
Rental property for sale in Staten Island at 350 Richmond Ter APT 7J, Staten Island, NY, 10301 generates $2,238/mo in rent and, after a $1,272/mo payment, leaves $503/mo in cash flow. Total monthly income is $2,238/mo, and annual cash flow is $6,030/yr on $86,153 invested. Return on cash invested sits at 26.91% in year one, and rental yield is 10.33% on a $259,888 entry. Equity gained on principal adds $1,677/yr, while 5% annual appreciation builds toward $71,802 over five years. Five-year ROI reaches 141.02% and total cumulative return in cash sums $121,494. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,238/mo property income rather than buyer’s personal income.
Condo
Built in N/A
N/A 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: Lee Goldstein • Hometime Estates of Brooklyn L
Mls Name: BNYMLS
Mls ID: #492722