58 Hamilton RdCorningNY14830
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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 Corning at 58 Hamilton Rd, Corning, NY, 14830 offers $1,740/mo rent that, after a $509/mo payment, leaves $1,046/mo cash flow. Total monthly income is $1,740/mo, and annual cash flow is $12,549/yr on $34,443 cash. Return on cash invested measures 56.34% in year one, and rental yield stands at 20.1% at a $103,900 entry. Equity gained on principal adds $670/yr while 5% annual appreciation compounds into $28,706 by year five. Five-year ROI records 298.91% and total cumulative return in cash reaches $102,952. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,740/mo property income versus a $509/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
1.21 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14830, Corning, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,530 (100%) |
| Owner Occupied HU | 5,416 (56.8%) |
| Renter Occupied HU | 3,111 (32.6%) |
| Vacant Housing Units | 1,003 (10.5%) |
| Median Home Value | $195,235 |
| Average Home Value | $226,330 |
Housing Distribution
Address Breakdown
Residential
8,713
Single Family
8,188
Multi-Family
525
Businesses
669
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Listed by: Bonnie L. Winters • Richard Winters Real Estate
Mls Name: ECMLS
Mls Provider:
Mls ID: #276531
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.