89-40 151st Ave APT 1MHoward 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 89-40 151st Ave APT 1M, Howard Beach, NY, 11414 offers a 8.42% rental yield on a $269,000 purchase with $1,887/mo rent. Total monthly income registers $1,887/mo, and a $1,317/mo payment leaves $90/mo available for distribution. Annual cash flow reaches $1,083/yr on $89,174 to close, and return on cash invested stands at 21.12% in year one. Equity gained on principal adds $1,736/yr while 5% annual appreciation supports $74,320 over five years. Portfolio math shows five-year ROI at 110.02% and total cumulative return in cash at $98,111. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,887/mo property income against a $1,317/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
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
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Listed by: Anne Marie Chirichigno • Century 21 Amiable Realty Group II Inc
Mls Name: StreetEasy
Mls ID: #S1781137