583 Cypress StElmiraNY14904
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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 583 Cypress St, Elmira, NY, 14904 uses $43,062 cash to close to unlock $10,204/yr annual cash flow and $850/mo monthly cash flow. Total monthly income runs $1,718/mo, and a $636/mo payment keeps the spread at $850/mo. Purchase price stands at $129,900, and rental yield measures 15.87% with $1,718/mo rent. Return on cash invested shows 43.61% in year one, and 5% annual appreciation builds toward $35,889 over five years. Five-year ROI reaches 230.62% and total cumulative return in cash records $99,307. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,718/mo property income covering a $636/mo payment rather than investor’s personal income.
Single Family
Built in N/A
5,967 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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Listed by: Jennifer Silata • Howard Hanna Corning Denison
Mls Name: ECMLS
Mls Provider:
Mls ID: #278137
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.