209 W 17th StElmira HeightsNY14903
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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 Elmira Heights at 209 W 17th St, Elmira Heights, NY, 14903 generates $1,395/mo in rent and, after a $587/mo payment, leaves $594/mo in cash flow. Total monthly income is $1,395/mo, and annual cash flow is $7,128/yr on $39,780 invested. Return on cash invested sits at 37.83% in year one, and rental yield is 13.95% on a $120,000 entry. Equity gained on principal adds $774/yr, while 5% annual appreciation builds toward $33,154 over five years. Five-year ROI reaches 199.57% and total cumulative return in cash sums $79,387. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,395/mo property income rather than buyer’s personal income.
Single Family
Built in 1926
5,998 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14903, Elmira, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,520 (100%) |
| Owner Occupied HU | 2,066 (58.7%) |
| Renter Occupied HU | 1,201 (34.1%) |
| Vacant Housing Units | 253 ( 7.2%) |
| Median Home Value | $152,714 |
| Average Home Value | $219,673 |
Housing Distribution
Address Breakdown
Residential
3,325
Single Family
3,138
Multi-Family
187
Businesses
372
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Listed by: Jennifer Silata • Howard Hanna Corning Denison
Mls Name: NYSAMLSs
Mls ID: #R1625987