309 Highland AveElmiraNY14905
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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 309 Highland Ave, Elmira, NY, 14905 uses $54,698 cash to close to unlock $5,421/yr annual cash flow and $452/mo monthly cash flow. Total monthly income runs $1,554/mo, and a $808/mo payment keeps the spread at $452/mo. Purchase price stands at $165,000, and rental yield measures 11.3% with $1,554/mo rent. Return on cash invested shows 29.82% in year one, and 5% annual appreciation builds toward $45,586 over five years. Five-year ROI reaches 156.64% and total cumulative return in cash records $85,679. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,554/mo property income covering a $808/mo payment rather than investor’s personal income.
Single Family
Built in 1920
6,599 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14905, Elmira, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,227 (100%) |
| Owner Occupied HU | 2,550 (60.3%) |
| Renter Occupied HU | 1,261 (29.8%) |
| Vacant Housing Units | 416 ( 9.8%) |
| Median Home Value | $185,958 |
| Average Home Value | $200,465 |
Housing Distribution
Address Breakdown
Residential
4,031
Single Family
3,892
Multi-Family
139
Businesses
106
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