1017 Smith StElmiraNY14904
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
Rental property for sale in Elmira at 1017 Smith St, Elmira, NY, 14904 generates $1,018/mo in rent and, after a $631/mo payment, leaves $157/mo in cash flow. Total monthly income is $1,018/mo, and annual cash flow is $1,883/yr on $42,764 invested. Return on cash invested sits at 24.31% in year one, and rental yield is 9.47% on a $129,000 entry. Equity gained on principal adds $832/yr, while 5% annual appreciation builds toward $35,640 over five years. Five-year ROI reaches 127.12% and total cumulative return in cash sums $54,361. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,018/mo property income rather than buyer’s personal income.
Single Family
Built in 1928
6,534 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices