1500B Maple Ave #BElmiraNY14904
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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 1500B Maple Ave #B, Elmira, NY, 14904 listed at $105,000 pairs $1,811/mo rent with a $514/mo payment to leave $1,110/mo cash flow. Total monthly income runs $1,811/mo, and annual cash flow reaches $13,317/yr on $34,808 cash to close. Return on cash invested measures 58.17% in year one, and rental yield registers 20.7% at a $105,000 basis. Equity gained on principal adds $678/yr, and annual property appreciation at 5% supports $29,010 by year five. Five-year ROI tracks 308.66% and total cumulative return in cash totals $107,438. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,811/mo property income relative to a $514/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in N/A
10,236 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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Listed by: A. William Meiklejohn III • Howard Hanna Corning Denison
Mls Name: ECMLS
Mls Provider:
Mls ID: #277873
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.