247 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 247 Oakwood Ave, Elmira Heights, NY, 14903 priced at $110,000 pairs $1,819/mo rent with $1,085/mo cash flow after a $538/mo payment. Total monthly income equals $1,819/mo, and annual cash flow comes to $13,018/yr on $36,465 invested. Return on cash invested is 55.61% in year one, and rental yield stands at 19.84% on a $110,000 basis. Equity gained on principal adds $710/yr, and 5% annual appreciation accumulates to $30,391 by year five. Five-year ROI measures 294.96% and total cumulative return in cash reaches $107,556. For financing, Ziffy Mortgage’s DSCR program evaluates $1,819/mo property income against a $538/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1900
9,077 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: Sue Larson • Howard Hanna Elmira
Mls Name: NYSAMLSs
Mls ID: #R1643528