257 E 18th StElmiraNY14903
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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 Elmira at 257 E 18th St, Elmira, NY, 14903 offers a 12.4% rental yield on a $100,000 purchase with $1,033/mo rent. Total monthly income registers $1,033/mo, and a $489/mo payment leaves $366/mo available for distribution. Annual cash flow reaches $4,388/yr on $33,150 to close, and return on cash invested stands at 33.15% in year one. Equity gained on principal adds $645/yr while 5% annual appreciation supports $27,628 over five years. Portfolio math shows five-year ROI at 174.49% and total cumulative return in cash at $57,844. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,033/mo property income against a $489/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Multi Family
Built in 1900
0.40 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
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Listed by: Steven Martin McNamara • Howard Hanna Elmira
Mls Name: NYSAMLSs
Mls Provider:
Mls ID: #R1607039
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