602 Post 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 602 Post St, Elmira, NY, 14904 listed at $119,500 pairs $1,500/mo rent with a $585/mo payment to leave $702/mo cash flow. Total monthly income runs $1,500/mo, and annual cash flow reaches $8,423/yr on $39,614 cash to close. Return on cash invested measures 41.17% in year one, and rental yield registers 15.06% at a $119,500 basis. Equity gained on principal adds $771/yr, and annual property appreciation at 5% supports $33,016 by year five. Five-year ROI tracks 217.48% and total cumulative return in cash totals $86,154. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,500/mo property income relative to a $585/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1920
2,252 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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