40-48 97th Street #2ECoronaNY11368
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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 Corona at 40-48 97th Street #2E, Corona, NY, 11368 uses $101,439 cash to close to unlock $9,316/yr annual cash flow and $776/mo monthly cash flow. Total monthly income runs $2,820/mo, and a $1,498/mo payment keeps the spread at $776/mo. Purchase price stands at $306,000, and rental yield measures 11.06% with $2,820/mo rent. Return on cash invested shows 29.09% in year one, and 5% annual appreciation builds toward $84,542 over five years. Five-year ROI reaches 152.77% and total cumulative return in cash records $154,968. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,820/mo property income covering a $1,498/mo payment rather than investor’s personal income.
Condo
Built in 2010
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11368, Corona, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 33,238 (100%) |
| Owner Occupied HU | 5,682 (17.1%) |
| Renter Occupied HU | 25,957 (78.1%) |
| Vacant Housing Units | 1,599 ( 4.8%) |
| Median Home Value | $918,489 |
| Average Home Value | $938,312 |
Housing Distribution
Address Breakdown
Residential
22,005
Single Family
6,554
Multi-Family
15,451
Businesses
2,065
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