88-08 151st Ave APT 4AHoward BeachNY11414
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 Howard Beach at 88-08 151st Ave APT 4A, Howard Beach, NY, 11414 earns $1,357/mo cash flow from $3,377/mo rent with a $1,027/mo payment. Total monthly income totals $3,377/mo, and annual cash flow totals $16,280/yr on $69,578 capital. ROI tracks 43.31% on current figures, and rental yield reads 19.31% at a $209,888 purchase. Equity gained on principal adds $1,354/yr, and 5% annual appreciation supports $57,988 over five years. Five-year ROI reaches 232.84% and total cumulative return in cash sums $162,004. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,377/mo property income instead of your personal income.
Condo
Built in 1962
N/A lot
$N/A/sqft
$619 monthly 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: Carolyn DeFalco - Licensed Associate Real Estate Broker • Keller Williams Realty Liberty
Mls Name: StreetEasy
Mls ID: #1710643