225 Elmwood AveElmiraNY14903
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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 225 Elmwood Ave, Elmira, NY, 14903 priced at $136,000 converts $1,422/mo rent into $513/mo cash flow after a $666/mo obligation. Total monthly income equals $1,422/mo, and annual cash flow totals $6,162/yr on $45,084 invested. Return on cash invested prints 33.58% in year one, and rental yield reads 12.55% against a $136,000 entry. Equity gained on principal adds $878/yr, while 5% annual appreciation compiles into $37,574 by year five. Five-year ROI reaches 176.85% and total cumulative return in cash sums $79,730. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,422/mo property income covering a $666/mo payment, not borrower’s personal income.
Multi Family
Built in 1900
6,000 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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