585 Castleton Ave APT 1CStaten 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
Investment property for sale in Staten Island at 585 Castleton Ave APT 1C, Staten Island, NY, 10301 uses $95,804 cash to close to unlock $391/yr annual cash flow and $33/mo monthly cash flow. Total monthly income runs $1,963/mo, and a $1,415/mo payment keeps the spread at $33/mo. Purchase price stands at $289,000, and rental yield measures 8.15% with $1,963/mo rent. Return on cash invested shows 20.32% in year one, and 5% annual appreciation builds toward $79,845 over five years. Five-year ROI reaches 105.69% and total cumulative return in cash records $101,258. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,963/mo property income covering a $1,415/mo payment rather than investor’s personal income.
Condo
Built in 1950
871.20 sqft 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: Gaetano Marasa • Neuhaus Realty, Inc.
Mls Name: SIBOR
Mls ID: #2600416