38 Laforge Ave, Staten Island, NY, 10302 | $206/mo Cash Flow

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38 Laforge Ave, Staten Island, NY, 10302 | $206/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

Investment property for sale in Staten Island at 38 Laforge Ave, Staten Island, NY, 10302 earns $206/mo cash flow from $3,545/mo rent with a $2,447/mo payment. Total monthly income totals $3,545/mo, and annual cash flow totals $2,476/yr on $165,750 capital. ROI tracks 21.4% on current figures, and rental yield reads 8.51% at a $499,999 purchase. Equity gained on principal adds $3,226/yr, and 5% annual appreciation supports $138,141 over five years. Five-year ROI reaches 111.5% and total cumulative return in cash sums $184,807. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,545/mo property income instead of your personal income.

Single Family

Built in 1915

2,613 sqft lot

$N/A/sqft

No HOA

More details about the property

Welcome to this charming single-family home in the heart of Port Richmond! This three-bedroom, one-bath property offers incredible potential for a buyer looking to add their personal touch. The first floor features a bright living room, formal dining room, and a spacious kitchen, along with an unfinished basement offering room for storage or future customization. Enjoy relaxing on the inviting front porch, perfect for morning coffee or unwinding at the end of the day. Outside, the long private driveway accommodates up to four carsa rare convenience in this neighborhood. This older home needs some TLC, making it a great opportunity for investors, renovators, or anyone seeking a home they can truly make their own. Conveniently located near shopping, transportation, schools, and local amenities, this property offers both value and possibility. Don't miss the chance to transform this Port Richmond gem! Let me know if you'd like a shorter, punchier version or one with more detail.

Neighborhood Data

Neighborhood data shown for ZIP Code: 10302, Staten Island, NY area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	6,931 (100%)
Owner Occupied HU	3,148 (45.4%)
Renter Occupied HU	3,382 (48.8%)
Vacant Housing Units	401 ( 5.8%)
Median Home Value	$626,311
Average Home Value	$639,326