305 Diven 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
Investment property for sale in Elmira at 305 Diven Ave, Elmira, NY, 14901 with 5% annual appreciation on a $120,000 basis while $1,894/mo rent supports operations. Total monthly income totals $1,894/mo and a $587/mo payment preserves $1,093/mo for cash returns. Annual cash flow comes to $13,116/yr on $39,780 deployed, and return on cash invested reaches 52.88% in year one. Equity gained on principal adds $774/yr, and five-year appreciation sums $33,154 alongside rental yield of 18.94%. Five-year ROI measures 280.26% and total cumulative return in cash totals $111,487.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,894/mo property income versus a $587/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in N/A
0.64 Acres 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: Morgan Leach • Howard Hanna Corning Denison
Mls Name: ECMLS
Mls Provider:
Mls ID: #276369
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.