401 Harrison StElmira 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 401 Harrison St, Elmira Heights, NY, 14903 with 5% annual appreciation on a $155,700 basis while $1,266/mo rent supports operations. Total monthly income totals $1,266/mo and a $762/mo payment preserves $226/mo for cash returns. Annual cash flow comes to $2,716/yr on $51,615 deployed, and return on cash invested reaches 25.17% in year one. Equity gained on principal adds $1,005/yr, and five-year appreciation sums $43,017 alongside rental yield of 9.76%. Five-year ROI measures 131.77% and total cumulative return in cash totals $68,012.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,266/mo property income versus a $762/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1935
6,098 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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