11948 River RdCorningNY14830
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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 Corning at 11948 River Rd, Corning, NY, 14830 uses $102,732 cash to close to unlock $1,816/yr annual cash flow and $151/mo monthly cash flow. Total monthly income runs $2,221/mo, and a $1,517/mo payment keeps the spread at $151/mo. Purchase price stands at $309,900, and rental yield measures 8.6% with $2,221/mo rent. Return on cash invested shows 21.68% in year one, and 5% annual appreciation builds toward $85,620 over five years. Five-year ROI reaches 112.99% and total cumulative return in cash records $116,076. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,221/mo property income covering a $1,517/mo payment rather than investor’s personal income.
Single Family
Built in 1960
0.45 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14830, Corning, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,530 (100%) |
| Owner Occupied HU | 5,416 (56.8%) |
| Renter Occupied HU | 3,111 (32.6%) |
| Vacant Housing Units | 1,003 (10.5%) |
| Median Home Value | $195,235 |
| Average Home Value | $226,330 |
Housing Distribution
Address Breakdown
Residential
8,713
Single Family
8,188
Multi-Family
525
Businesses
669
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