47 Forest Hills DrElmiraNY14905
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 47 Forest Hills Dr, Elmira, NY, 14905 at $229,000 posts ROI 27.6% with $487/mo cash flow from $2,016/mo rent. Total monthly income equals $2,016/mo, and annual cash flow records $5,839/yr on $75,914 to close. Return on cash invested measures 27.6% and rental yield reads 10.56% at the current $229,000. Equity gained on principal adds $1,478/yr, and 5% annual appreciation supports $63,268 by year five. Five-year ROI prints 144.76% and total cumulative return in cash totals $109,889.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,016/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1962
0.65 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14905, Elmira, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,227 (100%) |
| Owner Occupied HU | 2,550 (60.3%) |
| Renter Occupied HU | 1,261 (29.8%) |
| Vacant Housing Units | 416 ( 9.8%) |
| Median Home Value | $185,958 |
| Average Home Value | $200,465 |
Housing Distribution
Address Breakdown
Residential
4,031
Single Family
3,892
Multi-Family
139
Businesses
106
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