3503 Vermont AveElmira HeightsNY14903
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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 Heights at 3503 Vermont Ave, Elmira Heights, NY, 14903 offers a 11.99% rental yield on a $169,000 purchase with $1,689/mo rent. Total monthly income registers $1,689/mo, and a $827/mo payment leaves $561/mo available for distribution. Annual cash flow reaches $6,727/yr on $56,024 to close, and return on cash invested stands at 31.92% in year one. Equity gained on principal adds $1,091/yr while 5% annual appreciation supports $46,692 over five years. Portfolio math shows five-year ROI at 167.9% and total cumulative return in cash at $94,063. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,689/mo property income against a $827/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1955
5,998 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: Jennifer Silata • Howard Hanna Corning Denison
Mls Name: NYSAMLSs
Mls ID: #R1654270