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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Staten Island at 42 E Reading Ave, Staten Island, NY, 10308 listed at $679,999 pairs $5,464/mo rent with a $3,328/mo payment to leave $923/mo cash flow. Total monthly income runs $5,464/mo, and annual cash flow reaches $11,080/yr on $223,720 cash to close. Return on cash invested measures 25.01% in year one, and rental yield registers 9.64% at a $679,999 basis. Equity gained on principal adds $4,388/yr, and annual property appreciation at 5% supports $187,871 by year five. Five-year ROI tracks 130.83% and total cumulative return in cash totals $292,692. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $5,464/mo property income relative to a $3,328/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1976
2,613 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 10308, Staten Island, NY area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,251 (100%) |
| Owner Occupied HU | 8,184 (72.7%) |
| Renter Occupied HU | 2,494 (22.2%) |
| Vacant Housing Units | 573 ( 5.1%) |
| Median Home Value | $668,886 |
| Average Home Value | $692,392 |
Residential
8,899
Single Family
8,647
Multi-Family
252
Businesses
383
Date | Event | Price |
|---|---|---|
| 2024-08-21 | Listed for sale | $679,999 |
| 2007-05-10 | Sold | $490,000 |
| 2007-01-19 | Sold | $820,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-08-31 | N/A | N/A | $41,340 | 16.98% |
| 2022-08-31 | N/A | N/A | $35,340 | -1.01% |
| 2021-08-31 | N/A | N/A | $35,700 | 4.75% |
Listed by: James Grant • RE/MAX Elite
Mls Name: SIBOR
Mls Provider:
Mls ID: #2404764
Disclaimer: Certain real estate listing data is provided by Staten Island MLS under its Internet Data Exchange program. This data is provided exclusively for consumers personal, non-commercial use and may only be used for identifying prospective properties consumers may be interested in purchasing or renting. Any other use of the data is hereby prohibited. Data deemed reliable but is not guaranteed accurate by Staten Island MLS and should be independently verified. Copyright 2024 Staten Island Multiple Listing Service, Inc. All rights reserved.
