8606 155th Avenue #4Howard BeachNY11414
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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 Howard Beach at 8606 155th Avenue #4, Howard Beach, NY, 11414 listed at $359,000 pairs $2,480/mo rent with a $1,757/mo payment to leave $83/mo cash flow. Total monthly income runs $2,480/mo, and annual cash flow reaches $993/yr on $119,009 cash to close. Return on cash invested measures 20.74% in year one, and rental yield registers 8.29% at a $359,000 basis. Equity gained on principal adds $2,317/yr, and annual property appreciation at 5% supports $99,185 by year five. Five-year ROI tracks 107.97% and total cumulative return in cash totals $128,491. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,480/mo property income relative to a $1,757/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1958
N/A lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
9,976
Single Family
6,401
Multi-Family
3,575
Businesses
466
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Listed by: Marion E. DiStefano • Esquire Realty Ciaramella & Co
Mls Name: OneKey MLS
Mls ID: #939864