230 E Elm StPenn YanNY14527
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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 Penn Yan at 230 E Elm St, Penn Yan, NY, 14527 listed at $159,000 pairs $1,795/mo rent with a $778/mo payment to leave $733/mo cash flow. Total monthly income runs $1,795/mo, and annual cash flow reaches $8,801/yr on $52,709 cash to close. Return on cash invested measures 36.61% in year one, and rental yield registers 13.55% at a $159,000 basis. Equity gained on principal adds $1,026/yr, and annual property appreciation at 5% supports $43,929 by year five. Five-year ROI tracks 193.08% and total cumulative return in cash totals $101,772. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,795/mo property income relative to a $778/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Multi Family
Built in 1908
7,013 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14527, Penn Yan, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,705 (100%) |
| Owner Occupied HU | 3,605 (53.8%) |
| Renter Occupied HU | 1,595 (23.8%) |
| Vacant Housing Units | 1,505 (22.4%) |
| Median Home Value | $226,502 |
| Average Home Value | $360,208 |
Housing Distribution
Address Breakdown
Residential
5,712
Single Family
5,491
Multi-Family
221
Businesses
452
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