101-18 39th Ave #4, Corona, NY, 11368 | 2.15% Rental Yield

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101-18 39th Ave #4, Corona, NY, 11368 | 2.15% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Corona at 101-18 39th Ave #4, Corona, NY, 11368 listed at $1,690,000 pairs $3,030/mo rent with a $8,272/mo payment. Total monthly income runs $3,030/mo. Return on cash invested measures 2.28% in year one, and rental yield registers 2.15% at a $1,690,000 basis. Equity gained on principal adds $10,905/yr, and annual property appreciation at 5% supports $466,916 by year five. Five-year ROI tracks 8.85% and total cumulative return in cash totals $48,468. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,030/mo property income relative to a $8,272/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Multi Family

Built in 2010

N/A lot

$N/A/sqft

No HOA

More details about the property

Welcome to this 4 Family house in the heart of Corona, which was built in 2010, in excellent condition, one block from Roosevelt Ave, features 4 stories and a high-ceiling basement, a total Interior square footage of 3750, a lot square footage of 1800, a private driveway, and an attached garage. Close to the 7 train and other public transportation. Layout: Basement: Two Rooms, a Full Bath, and Utility rooms First Floor: One Bedroom, LR/DR, an open kitchen, a full bath, and an attached Garage Second Floor: Three bedrooms, LR/DR, an Open Kitchen, and two full Baths Third Floor: Three bedrooms, LR/DR, an open kitchen, and two full baths Fourth Floor: Three bedrooms, LR/DR, an open kitchen, and two full baths Heating systems: 4 separate heating systems, 5 electrical meters, and 4 gas meters Property Taxes: 421 15 cap ends on 2028, current year property tax $19,285 Rent Income Yearly: $98,400 without counting the First Floor one bedroom (owner-occupied) Lease Information: All are month-to-month.

Neighborhood Data

Neighborhood data shown for ZIP Code: 11368, Corona, NY area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	33,238 (100%)
Owner Occupied HU	5,682 (17.1%)
Renter Occupied HU	25,957 (78.1%)
Vacant Housing Units	1,599 ( 4.8%)
Median Home Value	$918,489
Average Home Value	$938,312