103-41 51st AvenueCoronaNY11368
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
Investment property for sale in Corona at 103-41 51st Avenue, Corona, NY, 11368 uses $279,650 cash to close to unlock $1,502/yr annual cash flow and $125/mo monthly cash flow. Total monthly income runs $5,801/mo, and a $4,160/mo payment keeps the spread at $125/mo. Purchase price stands at $849,999, and rental yield measures 8.19% with $5,801/mo rent. Return on cash invested shows 20.6% in year one, and 5% annual appreciation builds toward $234,839 over five years. Five-year ROI reaches 107.16% and total cumulative return in cash records $299,661. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $5,801/mo property income covering a $4,160/mo payment rather than investor’s personal income.
Multi Family
Built in 1920
942 sqft lot
$N/A/sqft
No HOA
More details about the property
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 |
Housing Distribution
Address Breakdown
Residential
22,005
Single Family
6,554
Multi-Family
15,451
Businesses
2,065
Price History
Date | Event | Price |
|---|---|---|
| 2024-07-08 | Listed for sale | $849,999 |
| 2023-01-17 | Sold | $10 |
| 2017-01-31 | Sold | $16,000 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-08-14 | N/A | N/A | $45,780 | -3.78% |
| 2022-08-14 | N/A | N/A | $47,580 | 6.73% |
| 2021-08-14 | N/A | N/A | $44,580 | -6.42% |
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Facts & Features
General Information
- Type: MultiFamily
- Year Built: 1920
- Architectural Style: N/A
- Building Area: N/A
- Living Area: N/A
- Property Condition: N/A
Features & Amenities
- Heating: Natural Gas, Forced Air
- Cooling: Window Unit(s)
- Flooring: Hardwood
- Interior Features: N/A
- Exterior Features: N/A
- Parking Features: Off Street
Location
HOA & Fees
- HOA Fee: N/A
- Association Fee: N/A
- Fees & Dues: N/A
- Association Amenities: N/A
- Association Fee Includes: N/A
Utilities
- Utilities: N/A
- Sewer: Sewer
- Water Source: Public
- Road Surface Type: N/A
School Information
- Elementary School: N/A
- Middle School: Is 61 Leonardo Da Vinci
- High School: High School For Arts & Business
Listed by: Frannelys Torres • Signature Premier Properties
Mls Name: OneKey MLS
Mls Provider:
Mls ID: #3564187
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