3515 Elmwood AveRochesterNY14610
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayInvestors who prioritise long-run asset value over immediate income should consider 3515 Elmwood Ave, Rochester, NY, 14610 in Rochester. Rental yield 2.77%. At $1,350,000 with 2.77% gross yield, current distributions are modest, but the 5% appreciation rate projects $372,980 in new equity by year five, complemented by $12,434/yr in principal paydown. Ziffy Mortgage's DSCR loan (0.51) allows non-U.S. residents to acquire without W-2s or domestic credit. Total projected five-year cumulative return: $135,445.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 2.8% | 6.2% |
| Monthly Cash Flow | $(5,895) | $450 |
City averages based on Rochester market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,120 |
| Total Monthly Debt Service | $8,478 |
| DSCR Ratio | 0.37x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1982
2.01 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14610, Rochester, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,951 (100%) |
| Owner Occupied HU | 4,025 (50.6%) |
| Renter Occupied HU | 3,464 (43.6%) |
| Vacant Housing Units | 462 ( 5.8%) |
| Median Home Value | $304,262 |
| Average Home Value | $353,386 |
Housing Distribution
Address Breakdown
Residential
7,356
Single Family
4,739
Multi-Family
2,617
Businesses
551
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1982
2.01 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14610, Rochester, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,951 (100%) |
| Owner Occupied HU | 4,025 (50.6%) |
| Renter Occupied HU | 3,464 (43.6%) |
| Vacant Housing Units | 462 ( 5.8%) |
| Median Home Value | $304,262 |
| Average Home Value | $353,386 |
Housing Distribution
Address Breakdown
Residential
7,356
Single Family
4,739
Multi-Family
2,617
Businesses
551
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices