115 Garfield StElmira HeightsNY14903
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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 Heights at 115 Garfield St, Elmira Heights, NY, 14903 listed at $159,900 pairs $1,450/mo rent with a $783/mo payment to leave $382/mo cash flow. Total monthly income runs $1,450/mo, and annual cash flow reaches $4,582/yr on $53,007 cash to close. Return on cash invested measures 28.55% in year one, and rental yield registers 10.88% at a $159,900 basis. Equity gained on principal adds $1,032/yr, and annual property appreciation at 5% supports $44,177 by year five. Five-year ROI tracks 149.86% and total cumulative return in cash totals $79,434. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,450/mo property income relative to a $783/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1934
5,998 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14903, Elmira, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,520 (100%) |
| Owner Occupied HU | 2,066 (58.7%) |
| Renter Occupied HU | 1,201 (34.1%) |
| Vacant Housing Units | 253 ( 7.2%) |
| Median Home Value | $152,714 |
| Average Home Value | $219,673 |
Housing Distribution
Address Breakdown
Residential
3,325
Single Family
3,138
Multi-Family
187
Businesses
372
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Listed by: Cynthia Pierce • Keller Williams Realty Southern Tier & Finger Lakes
Mls Name: NYSAMLSs
Mls ID: #R1648527