319 Rilla 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 319 Rilla St, Elmira, NY, 14903 earns $562/mo cash flow from $1,764/mo rent with a $881/mo payment. Total monthly income totals $1,764/mo, and annual cash flow totals $6,744/yr on $59,670 capital. ROI tracks 31.21% on current figures, and rental yield reads 11.76% at a $179,999 purchase. Equity gained on principal adds $1,162/yr, and 5% annual appreciation supports $49,730 over five years. Five-year ROI reaches 164.09% and total cumulative return in cash sums $97,912. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,764/mo property income instead of your personal income.
Single Family
Built in N/A
10,296 sqft 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: Macie Drake • Howard Hanna Elmira
Mls Name: ECMLS
Mls Provider:
Mls ID: #278204
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.