10716 37th Avenue #3BCoronaNY11368
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
Rental property for sale in Corona at 10716 37th Avenue #3B, Corona, NY, 11368 generates $3,030/mo in rent and, after a $2,203/mo payment, leaves $25/mo in cash flow. Total monthly income is $3,030/mo, and annual cash flow is $294/yr on $149,175 invested. Return on cash invested sits at 20.11% in year one, and rental yield is 8.08% on a $450,000 entry. Equity gained on principal adds $2,904/yr, while 5% annual appreciation builds toward $124,327 over five years. Five-year ROI reaches 104.55% and total cumulative return in cash sums $155,958. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,030/mo property income rather than buyer’s personal income.
Condo
Built in 2011
9,406 sqft lot
$N/A/sqft
No 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices