179 Sly AveCorningNY14830
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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
Rental property for sale in Corning at 179 Sly Ave, Corning, NY, 14830 priced at $195,000 converts $1,638/mo rent into $336/mo cash flow after a $954/mo obligation. Total monthly income equals $1,638/mo, and annual cash flow totals $4,035/yr on $64,643 invested. Return on cash invested prints 26.15% in year one, and rental yield reads 10.08% against a $195,000 entry. Equity gained on principal adds $1,258/yr, while 5% annual appreciation compiles into $53,875 by year five. Five-year ROI reaches 137.02% and total cumulative return in cash sums $88,570. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,638/mo property income covering a $954/mo payment, not borrower’s personal income.
Multi Family
Built in 1895
3,693 sqft 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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