999 Forest Ave APT 4BStaten IslandNY10310
INVESTMENT ANALYSIS
Investment Verdict
Solid Income999 Forest Ave APT 4B, Staten Island, NY, 10310 in Staten Island carries a 1.55 coverage ratio, rent of $2,185/mo is 1.55 times the $1,413/mo payment. Rental yield 8.8%. That margin gives both the investor and Ziffy Mortgage's DSCR underwriting a comfortable buffer at a $298,000 acquisition price. No U.S. credit or income documentation required. Five-year appreciation adds $82,332; total projected cumulative return: $100,535.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.8% | 4.8% |
| Monthly Cash Flow | $(139) | $1,850 |
City averages based on Staten Island market data in our database. Property projections are estimates.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $2,185 |
| Total Monthly Debt Service | $2,278 |
| DSCR Ratio | 0.96x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.5% rate / 30-yr fixed, 25% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1988
0.56 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 10310, Staten Island, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,469 (100%) |
| Owner Occupied HU | 4,828 (51.0%) |
| Renter Occupied HU | 4,093 (43.2%) |
| Vacant Housing Units | 548 ( 5.8%) |
| Median Home Value | $668,866 |
| Average Home Value | $692,026 |
Housing Distribution
Address Breakdown
Residential
7,855
Single Family
6,596
Multi-Family
1,259
Businesses
635
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Louis Berardocco • Dynasty Real Estate, Inc.
Mls Name: SIBOR
Mls Provider:
Mls ID: #2606069
