29 W 5th StCorningNY14830
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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 Corning at 29 W 5th St, Corning, NY, 14830 uses $62,952 cash to close to unlock $9,388/yr annual cash flow and $782/mo monthly cash flow. Total monthly income runs $2,050/mo, and a $929/mo payment keeps the spread at $782/mo. Purchase price stands at $189,900, and rental yield measures 12.95% with $2,050/mo rent. Return on cash invested shows 34.82% in year one, and 5% annual appreciation builds toward $52,466 over five years. Five-year ROI reaches 183.5% and total cumulative return in cash records $115,517. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,050/mo property income covering a $929/mo payment rather than investor’s personal income.
Single Family
Built in N/A
5,270 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14830, Corning, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,530 (100%) |
| Owner Occupied HU | 5,416 (56.8%) |
| Renter Occupied HU | 3,111 (32.6%) |
| Vacant Housing Units | 1,003 (10.5%) |
| Median Home Value | $195,235 |
| Average Home Value | $226,330 |
Housing Distribution
Address Breakdown
Residential
8,713
Single Family
8,188
Multi-Family
525
Businesses
669
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Listed by: David G. Moses • Howard Hanna Corning Denison
Mls Name: ECMLS
Mls Provider:
Mls ID: #276010
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.