8812 151st AveHoward 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 8812 151st Ave, Howard Beach, NY, 11414 uses $72,893 cash to close to unlock $1,354/yr annual cash flow and $113/mo monthly cash flow. Total monthly income runs $1,581/mo, and a $1,076/mo payment keeps the spread at $113/mo. Purchase price stands at $219,888, and rental yield measures 8.63% with $1,581/mo rent. Return on cash invested shows 21.77% in year one, and 5% annual appreciation builds toward $60,751 over five years. Five-year ROI reaches 113.44% and total cumulative return in cash records $82,692. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,581/mo property income covering a $1,076/mo payment rather than investor’s personal income.
Condo
Built in 1966
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: Joseph Lombardo • LOMBARDO HOMES & ESTATES
Mls Name: NY State MLS
Mls ID: #11612784