24 Woodbine StreetCoramNY11727
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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 Coram at 24 Woodbine Street, Coram, NY, 11727 uses $165,419 cash to close to unlock $6,817/yr annual cash flow and $568/mo monthly cash flow. Total monthly income runs $3,900/mo, and a $2,442/mo payment keeps the spread at $568/mo. Purchase price stands at $499,000, and rental yield measures 9.38% with $3,900/mo rent. Return on cash invested shows 24.03% in year one, and 5% annual appreciation builds toward $137,865 over five years. Five-year ROI reaches 125.6% and total cumulative return in cash records $207,762. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,900/mo property income covering a $2,442/mo payment rather than investor’s personal income.
Single Family
Built in 1973
0.35 Acres 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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