112 Glen AveElmiraNY14905
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 112 Glen Ave, Elmira, NY, 14905 priced at $199,000 converts $1,496/mo rent into $167/mo cash flow after a $974/mo obligation. Total monthly income equals $1,496/mo, and annual cash flow totals $2,005/yr on $65,969 invested. Return on cash invested prints 22.95% in year one, and rental yield reads 9.02% against a $199,000 entry. Equity gained on principal adds $1,284/yr, while 5% annual appreciation compiles into $54,980 by year five. Five-year ROI reaches 119.87% and total cumulative return in cash sums $79,074. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,496/mo property income covering a $974/mo payment, not borrower’s personal income.
Single Family
Built in 1935
7,531 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14905, Elmira, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,227 (100%) |
| Owner Occupied HU | 2,550 (60.3%) |
| Renter Occupied HU | 1,261 (29.8%) |
| Vacant Housing Units | 416 ( 9.8%) |
| Median Home Value | $185,958 |
| Average Home Value | $200,465 |
Housing Distribution
Address Breakdown
Residential
4,031
Single Family
3,892
Multi-Family
139
Businesses
106
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices