88-12 151st Ave APT 3MHoward 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 88-12 151st Ave APT 3M, Howard Beach, NY, 11414 listed at $239,888 pairs $1,667/mo rent with a $1,174/mo payment to leave $65/mo cash flow. Total monthly income runs $1,667/mo, and annual cash flow reaches $782/yr on $79,523 cash to close. Return on cash invested measures 20.89% in year one, and rental yield registers 8.34% at a $239,888 basis. Equity gained on principal adds $1,548/yr, and annual property appreciation at 5% supports $66,277 by year five. Five-year ROI tracks 108.8% and total cumulative return in cash totals $86,523. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,667/mo property income relative to a $1,174/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in N/A
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Joseph Lombardo • Lombardo Homes & Estates
Mls Name: StreetEasy
Mls ID: #S1803996