1002 Maple AveElmiraNY14904
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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
Rental property for sale in Elmira at 1002 Maple Ave, Elmira, NY, 14904 generates $1,747/mo in rent and, after a $930/mo payment, leaves $478/mo in cash flow. Total monthly income is $1,747/mo, and annual cash flow is $5,738/yr on $62,985 invested. Return on cash invested sits at 29.02% in year one, and rental yield is 11.03% on a $190,000 entry. Equity gained on principal adds $1,226/yr, while 5% annual appreciation builds toward $52,494 over five years. Five-year ROI reaches 152.4% and total cumulative return in cash sums $95,988. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,747/mo property income rather than buyer’s personal income.
Single Family
Built in 1945
8,698 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14904, Elmira, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,413 (100%) |
| Owner Occupied HU | 3,759 (50.7%) |
| Renter Occupied HU | 2,813 (37.9%) |
| Vacant Housing Units | 841 (11.3%) |
| Median Home Value | $89,090 |
| Average Home Value | $123,986 |
Housing Distribution
Address Breakdown
Residential
6,617
Single Family
6,333
Multi-Family
284
Businesses
274
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