2 sierra ct #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 sierra ct #2, Coram, NY, 11727 priced at $217,000 converts $1,543/mo rent into $94/mo cash flow after a $1,062/mo obligation. Total monthly income equals $1,543/mo, and annual cash flow totals $1,128/yr on $71,936 invested. Return on cash invested prints 21.48% in year one, and rental yield reads 8.53% against a $217,000 entry. Equity gained on principal adds $1,400/yr, while 5% annual appreciation compiles into $59,953 by year five. Five-year ROI reaches 111.97% and total cumulative return in cash sums $80,549. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,543/mo property income covering a $1,062/mo payment, not borrower’s personal income.
Condo
Built in 1973
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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