240 Kingsbury AveElmiraNY14901
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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 240 Kingsbury Ave, Elmira, NY, 14901 generates $1,200/mo in rent and, after a $587/mo payment, leaves $399/mo in cash flow. Total monthly income is $1,200/mo, and annual cash flow is $4,788/yr on $39,780 invested. Return on cash invested sits at 31.95% in year one, and rental yield is 12% on a $120,000 entry. Equity gained on principal adds $774/yr, while 5% annual appreciation builds toward $33,154 over five years. Five-year ROI reaches 167.98% and total cumulative return in cash sums $66,823. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,200/mo property income rather than buyer’s personal income.
Single Family
Built in N/A
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14901, Elmira, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,978 (100%) |
| Owner Occupied HU | 2,654 (38.0%) |
| Renter Occupied HU | 3,262 (46.7%) |
| Vacant Housing Units | 1,062 (15.2%) |
| Median Home Value | $99,658 |
| Average Home Value | $144,765 |
Housing Distribution
Address Breakdown
Residential
5,729
Single Family
5,193
Multi-Family
536
Businesses
565
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Listed by: Vivian D. Schamel • Keller Williams Realty Southern Tier&Finger Lakes
Mls Name: ECMLS
Mls Provider:
Mls ID: #278356
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