470 W 1st StElmiraNY14901
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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
Rental property for sale in Elmira at 470 W 1st St, Elmira, NY, 14901 generates $1,313/mo in rent and, after a $538/mo payment, leaves $579/mo in cash flow. Total monthly income is $1,313/mo, and annual cash flow is $6,946/yr on $36,465 invested. Return on cash invested sits at 38.96% in year one, and rental yield is 14.32% on a $110,000 entry. Equity gained on principal adds $710/yr, while 5% annual appreciation builds toward $30,391 over five years. Five-year ROI reaches 205.68% and total cumulative return in cash sums $75,000. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,313/mo property income rather than buyer’s personal income.
Multi Family
Built in 1900
5,262 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
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Listed by: Charles Cerio • Keller Williams Realty Southern Tier & Finger Lakes
Mls Name: NYSAMLSs
Mls Provider:
Mls ID: #R1623865
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