211-213 215 Conhocton StCorningNY14830
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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 Corning at 211-213 215 Conhocton St, Corning, NY, 14830 listed at $247,200 pairs $1,740/mo rent with a $1,210/mo payment to leave $89/mo cash flow. Total monthly income runs $1,740/mo, and annual cash flow reaches $1,070/yr on $81,947 cash to close. Return on cash invested measures 21.21% in year one, and rental yield registers 8.45% at a $247,200 basis. Equity gained on principal adds $1,595/yr, and annual property appreciation at 5% supports $68,297 by year five. Five-year ROI tracks 110.54% and total cumulative return in cash totals $90,583. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,740/mo property income relative to a $1,210/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Multi Family
Built in 1880
10,454 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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Listed by: Derik Lisi • Warren Real Estate-Corning
Mls Name: NYSAMLSs
Mls Provider:
Mls ID: #R1621322
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