2 El Camino Court #2CoramNY11727
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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
Rental property for sale in Coram at 2 El Camino Court #2, Coram, NY, 11727 priced at $214,999 pairs $2,854/mo rent with $1,419/mo cash flow after a $1,052/mo payment. Total monthly income equals $2,854/mo, and annual cash flow comes to $17,023/yr on $71,272 invested. Return on cash invested is 43.79% in year one, and rental yield stands at 15.93% on a $214,999 basis. Equity gained on principal adds $1,387/yr, and 5% annual appreciation accumulates to $59,400 by year five. Five-year ROI measures 231.58% and total cumulative return in cash reaches $165,049. For financing, Ziffy Mortgage’s DSCR program evaluates $2,854/mo property income against a $1,052/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1970
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11727, Coram, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,281 (100%) |
| Owner Occupied HU | 7,258 (59.1%) |
| Renter Occupied HU | 4,298 (35.0%) |
| Vacant Housing Units | 725 ( 5.9%) |
| Median Home Value | $479,829 |
| Average Home Value | $495,134 |
Housing Distribution
Address Breakdown
Residential
11,306
Single Family
11,306
Multi-Family
0
Businesses
448
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