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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
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$1,300,000
18 bds- ba11136sqft
233 W 12th St #227ElmiraNY14903
1.55%
Gross Yield
0.41%
ROI
$1,674/m
Est. Rent
$0
Total Investment
$0
Down Payment
$0
Closing Costs
For Sale
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NMLS #2625701
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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
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Investment Highlights
Investment property for sale in Elmira at 233 W 12th St #227, Elmira, NY, 14903 offers a 1.55% rental yield on a $1,300,000 purchase with $1,674/mo rent. 41% in year one. Equity gained on principal adds $8,389/yr while 5% annual appreciation supports $359,166 over five years. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,674/mo property income against a $6,363/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Multi Family
Built in 1987
0.55 Acres 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Powered by
Ziffy Mortgage
NMLS #2625701
Get Pre-Approved