365 W 2nd StCorningNY14830
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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 Corning at 365 W 2nd St, Corning, NY, 14830 offers a 11.3% rental yield on a $237,500 purchase with $2,236/mo rent. Total monthly income registers $2,236/mo, and a $1,162/mo payment leaves $650/mo available for distribution. Annual cash flow reaches $7,806/yr on $78,731 to close, and return on cash invested stands at 29.82% in year one. Equity gained on principal adds $1,533/yr while 5% annual appreciation supports $65,617 over five years. Portfolio math shows five-year ROI at 156.67% and total cumulative return in cash at $123,345. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,236/mo property income against a $1,162/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
10,410 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14830, Corning, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,530 (100%) |
| Owner Occupied HU | 5,416 (56.8%) |
| Renter Occupied HU | 3,111 (32.6%) |
| Vacant Housing Units | 1,003 (10.5%) |
| Median Home Value | $195,235 |
| Average Home Value | $226,330 |
Housing Distribution
Address Breakdown
Residential
8,713
Single Family
8,188
Multi-Family
525
Businesses
669
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Listed by: Kenneth Leath • Keller Williams Realty Southern Tier&Finger Lakes
Mls Name: ECMLS
Mls Provider:
Mls ID: #278457
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.