515 Phoenix AveElmiraNY14904
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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 at 515 Phoenix Ave, Elmira, NY, 14904 uses $39,449 cash to close to unlock $1,653/yr annual cash flow and $138/mo monthly cash flow. Total monthly income runs $932/mo, and a $582/mo payment keeps the spread at $138/mo. Purchase price stands at $119,000, and rental yield measures 9.4% with $932/mo rent. Return on cash invested shows 24.1% in year one, and 5% annual appreciation builds toward $32,878 over five years. Five-year ROI reaches 125.95% and total cumulative return in cash records $49,685. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $932/mo property income covering a $582/mo payment rather than investor’s personal income.
Single Family
Built in 1946
9,600 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14904, Elmira, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,413 (100%) |
| Owner Occupied HU | 3,759 (50.7%) |
| Renter Occupied HU | 2,813 (37.9%) |
| Vacant Housing Units | 841 (11.3%) |
| Median Home Value | $89,090 |
| Average Home Value | $123,986 |
Housing Distribution
Address Breakdown
Residential
6,617
Single Family
6,333
Multi-Family
284
Businesses
274
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