1861 Davis StElmiraNY14901
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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 1861 Davis St, Elmira, NY, 14901 uses $48,366 cash to close to unlock $1,270/yr annual cash flow and $106/mo monthly cash flow. Total monthly income runs $1,080/mo, and a $714/mo payment keeps the spread at $106/mo. Purchase price stands at $145,900, and rental yield measures 8.88% with $1,080/mo rent. Return on cash invested shows 22.53% in year one, and 5% annual appreciation builds toward $40,309 over five years. Five-year ROI reaches 117.56% and total cumulative return in cash records $56,859. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,080/mo property income covering a $714/mo payment rather than investor’s personal income.
Single Family
Built in 1900
6,651 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14901, Elmira, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,978 (100%) |
| Owner Occupied HU | 2,654 (38.0%) |
| Renter Occupied HU | 3,262 (46.7%) |
| Vacant Housing Units | 1,062 (15.2%) |
| Median Home Value | $99,658 |
| Average Home Value | $144,765 |
Housing Distribution
Address Breakdown
Residential
5,729
Single Family
5,193
Multi-Family
536
Businesses
565
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