31 Ridge RdCoramNY11727
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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 31 Ridge Rd, Coram, NY, 11727 offers a 10.81% rental yield on a $628,800 purchase with $5,662/mo rent. Total monthly income registers $5,662/mo, and a $3,078/mo payment leaves $1,463/mo available for distribution. Annual cash flow reaches $17,552/yr on $206,875 to close, and return on cash invested stands at 28.54% in year one. Equity gained on principal adds $4,058/yr while 5% annual appreciation supports $173,726 over five years. Portfolio math shows five-year ROI at 149.76% and total cumulative return in cash at $309,822. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $5,662/mo property income against a $3,078/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1976
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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