578 Richmond RdStaten IslandNY10304
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Investment property for sale in Staten Island at 578 Richmond Rd, Staten Island, NY, 10304 earns from $4,008/mo rent with a $3,171/mo payment. Total monthly income totals $4,008/mo. ROI tracks 18.27% on current figures, and rental yield reads 7.42% at a $647,888 purchase. Equity gained on principal adds $4,181/yr, and 5% annual appreciation supports $179,000 over five years. Five-year ROI reaches 94.65% and total cumulative return in cash sums $201,755. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $4,008/mo property income instead of your personal income.
Multi Family
Built in 1951
2,613 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 10304, Staten Island, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,193 (100%) |
| Owner Occupied HU | 7,309 (42.5%) |
| Renter Occupied HU | 8,780 (51.1%) |
| Vacant Housing Units | 1,104 ( 6.4%) |
| Median Home Value | $707,930 |
| Average Home Value | $824,191 |
Housing Distribution
Address Breakdown
Residential
14,695
Single Family
10,452
Multi-Family
4,243
Businesses
749
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Louis L Rizzo • Master Associates Inc.
Mls Name: SIBOR
Mls Provider:
Mls ID: #2402760
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.