1260 Charles StElmiraNY14904
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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 1260 Charles St, Elmira, NY, 14904 listed at $114,500 pairs $1,187/mo rent with a $560/mo payment to leave $423/mo cash flow. Total monthly income runs $1,187/mo, and annual cash flow reaches $5,074/yr on $37,957 cash to close. Return on cash invested measures 33.28% in year one, and rental yield registers 12.44% at a $114,500 basis. Equity gained on principal adds $739/yr, and annual property appreciation at 5% supports $31,634 by year five. Five-year ROI tracks 175.2% and total cumulative return in cash totals $66,500. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,187/mo property income relative to a $560/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1930
10,001 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
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