160 Hillside Dr #Sl12ElmaNY14059
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayThe investment thesis at 160 Hillside Dr #Sl12, Elma, NY, 14059 in Elma is capital appreciation. Rental yield 3.4%. The 3.4% gross yield at $549,900 falls below cash-flow thresholds, but 5% annual value growth is forecast to deliver $151,927 in additional equity by year five, an equity gain that can outpace many higher-yield markets. Ziffy Mortgage finances appreciation-play assets via DSCR (0.60) without U.S. credit history; structure with a larger down payment to optimise coverage. Total projected return: $63,449.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 3.4% | 6.2% |
| Monthly Cash Flow | $(2,112) | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $1,560 |
| Total Monthly Debt Service | $3,587 |
| DSCR Ratio | 0.43x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.5% rate / 30-yr fixed, 25% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1975
0.62 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14059, Elma, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,097 (100%) |
| Owner Occupied HU | 3,420 (83.5%) |
| Renter Occupied HU | 469 (11.4%) |
| Vacant Housing Units | 208 ( 5.1%) |
| Median Home Value | $408,712 |
| Average Home Value | $462,518 |
Housing Distribution
Address Breakdown
Residential
3,883
Single Family
3,763
Multi-Family
120
Businesses
338
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
