105-09 Otis Ave #1-ACoronaNY11368
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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 Corona at 105-09 Otis Ave #1-A, Corona, NY, 11368 uses $102,765 cash to close to unlock $2,174/yr annual cash flow and $181/mo monthly cash flow. Total monthly income runs $2,551/mo, and a $1,517/mo payment keeps the spread at $181/mo. Purchase price stands at $310,000, and rental yield measures 9.87% with $2,551/mo rent. Return on cash invested shows 22.02% in year one, and 5% annual appreciation builds toward $85,647 over five years. Five-year ROI reaches 116.12% and total cumulative return in cash records $119,335. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,551/mo property income covering a $1,517/mo payment rather than investor’s personal income.
Condo
Built in 1989
N/A lot
$N/A/sqft
$300 monthly HOA
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
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