606 Partridge 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
Rental property for sale in Elmira at 606 Partridge St, Elmira, NY, 14904 generates $1,895/mo in rent and, after a $555/mo payment, leaves $1,138/mo in cash flow. Total monthly income is $1,895/mo, and annual cash flow is $13,653/yr on $37,592 invested. Return on cash invested sits at 56.23% in year one, and rental yield is 20.05% on a $113,400 entry. Equity gained on principal adds $732/yr, while 5% annual appreciation builds toward $31,330 over five years. Five-year ROI reaches 298.27% and total cumulative return in cash sums $112,127. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,895/mo property income rather than buyer’s personal income.
Single Family
Built in 1948
5,414 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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