614 Chester StElmiraNY14904
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 614 Chester St, Elmira, NY, 14904 offers a 16.79% rental yield on a $114,900 purchase with $1,608/mo rent. Total monthly income registers $1,608/mo, and a $562/mo payment leaves $841/mo available for distribution. Annual cash flow reaches $10,093/yr on $38,089 to close, and return on cash invested stands at 46.41% in year one. Equity gained on principal adds $741/yr while 5% annual appreciation supports $31,745 over five years. Portfolio math shows five-year ROI at 245.71% and total cumulative return in cash at $93,590. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,608/mo property income against a $562/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1932
7,583 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices