89-12 155th Ave #1Howard 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
Rental property for sale in Howard Beach at 89-12 155th Ave #1, Howard Beach, NY, 11414 generates $3,199/mo in rent and, after a $1,505/mo payment, leaves $1,146/mo in cash flow. Total monthly income is $3,199/mo, and annual cash flow is $13,750/yr on $101,903 invested. Return on cash invested sits at 33.4% in year one, and rental yield is 12.49% on a $307,400 entry. Equity gained on principal adds $1,984/yr, while 5% annual appreciation builds toward $84,929 over five years. Five-year ROI reaches 175.84% and total cumulative return in cash sums $179,191. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,199/mo property income rather than buyer’s personal income.
Condo
Built in 1950
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: N/A • N/A
Mls Name: Douglas Elliman
Mls Provider:
Mls ID: #856860