88-10 155 Avenue #2RHoward 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 88-10 155 Avenue #2R, Howard Beach, NY, 11414 earns $122/mo cash flow from $1,912/mo rent with a $1,312/mo payment. Total monthly income totals $1,912/mo, and annual cash flow totals $1,465/yr on $88,842 capital. ROI tracks 21.56% on current figures, and rental yield reads 8.56% at a $268,000 purchase. Equity gained on principal adds $1,729/yr, and 5% annual appreciation supports $74,043 over five years. Five-year ROI reaches 112.38% and total cumulative return in cash sums $99,837. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,912/mo property income instead of your personal income.
Condo
Built in 1960
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: Steven Pacchiano • Connexion I Rl Est Svcs Inc
Mls Name: OneKey MLS
Mls ID: #L3579000