213 Chapman PlElmiraNY14901
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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 at 213 Chapman Pl, Elmira, NY, 14901 offers $1,364/mo rent that, after a $651/mo payment, leaves $476/mo cash flow. Total monthly income is $1,364/mo, and annual cash flow is $5,710/yr on $44,090 cash. Return on cash invested measures 32.86% in year one, and rental yield stands at 12.31% at a $133,000 entry. Equity gained on principal adds $858/yr while 5% annual appreciation compounds into $36,745 by year five. Five-year ROI records 172.93% and total cumulative return in cash reaches $76,245. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,364/mo property income versus a $651/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
4,791 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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Listed by: Michelle Kay • Howard Hanna Corning Market St.
Mls Name: ECMLS
Mls Provider:
Mls ID: #276747
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.