239 Oakwood AveElmira HeightsNY14903
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Nearby investment properties with comparable prices
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 Heights at 239 Oakwood Ave, Elmira Heights, NY, 14903 offers $1,860/mo rent that, after a $626/mo payment, leaves $1,006/mo cash flow. Total monthly income is $1,860/mo, and annual cash flow is $12,071/yr on $42,399 cash. Return on cash invested measures 48.38% in year one, and rental yield stands at 17.45% at a $127,900 entry. Equity gained on principal adds $825/yr while 5% annual appreciation compounds into $35,336 by year five. Five-year ROI records 256.12% and total cumulative return in cash reaches $108,591. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,860/mo property income versus a $626/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1902
7,666 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: Mary Alice Vorhis • Warren Real Estate
Mls Name: NYSAMLSs
Mls ID: #R1640212