1101 College AveElmiraNY14901
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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 Elmira at 1101 College Ave, Elmira, NY, 14901 earns $84/mo cash flow from $1,186/mo rent with a $808/mo payment. Total monthly income totals $1,186/mo, and annual cash flow totals $1,005/yr on $54,697 capital. ROI tracks 21.75% on current figures, and rental yield reads 8.63% at a $164,999 purchase. Equity gained on principal adds $1,065/yr, and 5% annual appreciation supports $45,586 over five years. Five-year ROI reaches 113.36% and total cumulative return in cash sums $62,003. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,186/mo property income instead of your personal income.
Multi Family
Built in 1929
4,848 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14901, Elmira, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,978 (100%) |
| Owner Occupied HU | 2,654 (38.0%) |
| Renter Occupied HU | 3,262 (46.7%) |
| Vacant Housing Units | 1,062 (15.2%) |
| Median Home Value | $99,658 |
| Average Home Value | $144,765 |
Housing Distribution
Address Breakdown
Residential
5,729
Single Family
5,193
Multi-Family
536
Businesses
565
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