409 E 10th StElmira HeightsNY14903
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 Heights at 409 E 10th St, Elmira Heights, NY, 14903 offers a 11.46% rental yield on a $205,000 purchase with $1,957/mo rent. Total monthly income registers $1,957/mo, and a $1,003/mo payment leaves $588/mo available for distribution. Annual cash flow reaches $7,061/yr on $67,958 to close, and return on cash invested stands at 30.3% in year one. Equity gained on principal adds $1,323/yr while 5% annual appreciation supports $56,638 over five years. Portfolio math shows five-year ROI at 159.23% and total cumulative return in cash at $108,210. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,957/mo property income against a $1,003/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1951
6,534 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jennifer Silata • Howard Hanna Corning Denison
Mls Name: NYSAMLSs
Mls ID: #R1647251