318 Lorenzo PlElmiraNY14901
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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
Rental property for sale in Elmira at 318 Lorenzo Pl, Elmira, NY, 14901 priced at $140,100 converts $3,210/mo rent into $2,274/mo cash flow after a $686/mo obligation. Total monthly income equals $3,210/mo, and annual cash flow totals $27,290/yr on $46,443 invested. Return on cash invested prints 78.67% in year one, and rental yield reads 27.49% against a $140,100 entry. Equity gained on principal adds $904/yr, while 5% annual appreciation compiles into $38,707 by year five. Five-year ROI reaches 418.69% and total cumulative return in cash sums $194,454. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,210/mo property income covering a $686/mo payment, not borrower’s personal income.
Single Family
Built in 1945
5,662 sqft 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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