341 Woodland CourtCoramNY11727
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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 341 Woodland Court, Coram, NY, 11727 uses $106,047 cash to close to unlock $270/yr annual cash flow and $23/mo monthly cash flow. Total monthly income runs $2,159/mo, and a $1,566/mo payment keeps the spread at $23/mo. Purchase price stands at $319,900, and rental yield measures 8.1% with $2,159/mo rent. Return on cash invested shows 20.16% in year one, and 5% annual appreciation builds toward $88,382 over five years. Five-year ROI reaches 104.88% and total cumulative return in cash records $111,224. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,159/mo property income covering a $1,566/mo payment rather than investor’s personal income.
Condo
Built in 1975
1,254 sqft 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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