229 Robinwood 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
Investment property for sale in Elmira at 229 Robinwood Ave, Elmira, NY, 14903 with 5% annual appreciation on a $193,000 basis while $1,674/mo rent supports operations. Total monthly income totals $1,674/mo and a $945/mo payment preserves $385/mo for cash returns. Annual cash flow comes to $4,618/yr on $63,980 deployed, and return on cash invested reaches 27.13% in year one. Equity gained on principal adds $1,245/yr, and five-year appreciation sums $53,322 alongside rental yield of 10.41%. Five-year ROI measures 142.2% and total cumulative return in cash totals $90,978.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,674/mo property income versus a $945/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in N/A
8,640 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: Michelle Simmons • Howard Hanna Corning Market St.
Mls Name: ECMLS
Mls Provider:
Mls ID: #278455
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.