58 Norfleet LaneCoramNY11727
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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 58 Norfleet Lane, Coram, NY, 11727 with 5% annual appreciation on a $619,995 basis while $5,580/mo rent supports operations. Total monthly income totals $5,580/mo and a $3,035/mo payment preserves $1,439/mo for cash returns. Annual cash flow comes to $17,272/yr on $203,978 deployed, and return on cash invested reaches 28.53% in year one. Equity gained on principal adds $4,001/yr, and five-year appreciation sums $171,293 alongside rental yield of 10.8%. Five-year ROI measures 149.68% and total cumulative return in cash totals $305,317.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $5,580/mo property income versus a $3,035/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1980
0.31 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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