54 Hoffman StElmiraNY14905
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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 54 Hoffman St, Elmira, NY, 14905 priced at $110,000 pairs $981/mo rent with $247/mo cash flow after a $538/mo payment. Total monthly income equals $981/mo, and annual cash flow comes to $2,962/yr on $36,465 invested. Return on cash invested is 28.03% in year one, and rental yield stands at 10.7% on a $110,000 basis. Equity gained on principal adds $710/yr, and 5% annual appreciation accumulates to $30,391 by year five. Five-year ROI measures 147.07% and total cumulative return in cash reaches $53,628. For financing, Ziffy Mortgage’s DSCR program evaluates $981/mo property income against a $538/mo payment instead of your W2s, 1099s, or Tax returns.
Multi Family
Built in 1870
8,559 sqft 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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