99-30 59th Ave #5KCoronaNY11368
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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 99-30 59th Ave #5K, Corona, NY, 11368 offers a 9.13% rental yield on a $199,000 purchase with $1,514/mo rent. 78% in year one. Equity gained on principal adds $1,284/yr while 5% annual appreciation supports $54,980 over five years. Portfolio math shows five-year ROI at 54.13% and total cumulative return in cash at $35,706. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,514/mo property income against a $974/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1962
N/A lot
$N/A/sqft
$742 monthly 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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