40 North AveStaten IslandNY10302
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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 40 North Ave, Staten Island, NY, 10302 offers $3,376/mo rent that, after a $3,916/mo payment. Total monthly income is $3,376/mo. Return on cash invested measures 11.09% in year one, and rental yield stands at 5.06% at a $799,999 entry. Equity gained on principal adds $5,162/yr while 5% annual appreciation compounds into $221,025 by year five. Five-year ROI records 56.19% and total cumulative return in cash reaches $147,883. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,376/mo property income versus a $3,916/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1955
6,969 sqft lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
5,422
Single Family
4,735
Multi-Family
687
Businesses
553
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Listed by: David Bonamo • Neuhaus Realty, Inc.
Mls Name: SIBOR
Mls ID: #2504452