520 Larchmont RdElmiraNY14905
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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 520 Larchmont Rd, Elmira, NY, 14905 generates $1,653/mo in rent and, after a $734/mo payment, leaves $652/mo in cash flow. Total monthly income is $1,653/mo, and annual cash flow is $7,818/yr on $49,725 invested. Return on cash invested sits at 35.63% in year one, and rental yield is 13.22% on a $150,000 entry. Equity gained on principal adds $968/yr, while 5% annual appreciation builds toward $41,442 over five years. Five-year ROI reaches 187.86% and total cumulative return in cash sums $93,414. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,653/mo property income rather than buyer’s personal income.
Single Family
Built in 1954
0.27 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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