99-30 59th Ave #5CoronaNY11368
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 99-30 59th Ave #5, Corona, NY, 11368 listed at $258,888 pairs $2,570/mo rent with a $1,267/mo payment to leave $841/mo cash flow. Total monthly income runs $2,570/mo, and annual cash flow reaches $10,096/yr on $85,821 cash to close. Return on cash invested measures 31.67% in year one, and rental yield registers 11.91% at a $258,888 basis. Equity gained on principal adds $1,671/yr, and annual property appreciation at 5% supports $71,526 by year five. Five-year ROI tracks 166.59% and total cumulative return in cash totals $142,972. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,570/mo property income relative to a $1,267/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1962
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices