355 Walnut StElmiraNY14901
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
Investment Highlights
Investment property for sale in Elmira at 355 Walnut St, Elmira, NY, 14901 with 5% annual appreciation on a $110,000 basis while $1,777/mo rent supports operations. Total monthly income totals $1,777/mo and a $538/mo payment preserves $1,043/mo for cash returns. Annual cash flow comes to $12,514/yr on $36,465 deployed, and return on cash invested reaches 54.23% in year one. Equity gained on principal adds $710/yr, and five-year appreciation sums $30,391 alongside rental yield of 19.39%. Five-year ROI measures 287.52% and total cumulative return in cash totals $104,844.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,777/mo property income versus a $538/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Multi Family
Built in 1875
378 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices