8409 155th Ave APT 4N, Howard Beach, NY, 11414 | $255/mo Cash Flow

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8409 155th Ave APT 4N, Howard Beach, NY, 11414 | $255/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 Howard Beach at 8409 155th Ave APT 4N, Howard Beach, NY, 11414 offers a 9.63% rental yield on a $189,000 purchase with $1,517/mo rent. Total monthly income registers $1,517/mo, and a $925/mo payment leaves $255/mo available for distribution. Annual cash flow reaches $3,059/yr on $62,654 to close, and return on cash invested stands at 24.79% in year one. Equity gained on principal adds $1,220/yr while 5% annual appreciation supports $52,217 over five years. Portfolio math shows five-year ROI at 129.66% and total cumulative return in cash at $81,238. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,517/mo property income against a $925/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Condo

Built in 1964

N/A lot

$N/A/sqft

No HOA

More details about the property

Welcome to this beautifully renovated modern studio located in the Lindenwood section of Howard Beach. The building features an elegant Art Deco lobby with marble floors and columns, surrounded by well-maintained, landscaped grounds. This fourth-floor unit offers a bright, open layout with a large window providing plenty of natural light. The brand-new kitchen includes white cabinets, stainless steel appliances (Whirlpool dishwasher, Haier two-door refrigerator, stove, and vented microwave). The modern bathroom features a floating vanity and a tiled glass-enclosed shower with sliding barn door. Being offered fully furnished, this studio is move-in ready so just pack your bags and move right in! Conveniently located across the street from the Lindenwood Commons Shopping Center, Cross Bay Blvd, the Belt Parkway, Conduit Ave, Linden Blvd, and JFK Airport you have speedy access to everything from shopping to fine dining, and public transportation. See you soon! Additional features: - Hardwood floors throughout - Four closets for ample storage - Cable ready - Laundry rooms on every floor - Street and private parking available (private parking via waiting list) - Low maintenance: $550/month - Includes Gas and Heat

Neighborhood Data

Neighborhood data shown for ZIP Code: 11414, Howard Beach, NY area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	11,349 (100%)
Owner Occupied HU	7,623 (67.2%)
Renter Occupied HU	3,107 (27.4%)
Vacant Housing Units	619 ( 5.5%)
Median Home Value	$724,113
Average Home Value	$718,758