4 Summercress LnCoramNY11727
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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 4 Summercress Ln, Coram, NY, 11727 uses $174,403 cash to close to unlock $31,412/yr annual cash flow and $2,618/mo monthly cash flow. Total monthly income runs $6,158/mo, and a $2,595/mo payment keeps the spread at $2,618/mo. Purchase price stands at $530,100, and rental yield measures 13.94% with $6,158/mo rent. Return on cash invested shows 38.07% in year one, and 5% annual appreciation builds toward $146,457 over five years. Five-year ROI reaches 200.85% and total cumulative return in cash records $350,294. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $6,158/mo property income covering a $2,595/mo payment rather than investor’s personal income.
Single Family
Built in 1977
0.34 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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