999 Forest AveStaten IslandNY10310
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeA DSCR of 1.69 makes 999 Forest Ave, Staten Island, NY, 10310 in Staten Island one of the easier properties to finance via Ziffy Mortgage's rental-income underwriting. Rental yield 9.41%. The 9.41% yield, 5% annual appreciation ($34,535 over five years), and $1,151/yr in principal reduction project a total cumulative return of $31,495.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.4% | 4.8% |
| Monthly Cash Flow | $(250) | $1,850 |
City averages based on Staten Island market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $951 |
| Total Monthly Debt Service | $1,180 |
| DSCR Ratio | 0.81x |
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 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Apartment
Built in 1989
435.60 sqft lot
$N/A/sqft
$395 monthly 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
Apartment
Built in 1989
435.60 sqft lot
$N/A/sqft
$395 monthly 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
Listed by: Gaetano Marasa • Neuhaus Realty, Inc.
Mls Name: SIBOR
Mls Provider:
Mls ID: #2502082
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