616 Hart StElmiraNY14905
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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 616 Hart St, Elmira, NY, 14905 priced at $152,000 converts $1,860/mo rent into $845/mo cash flow after a $744/mo obligation. Total monthly income equals $1,860/mo, and annual cash flow totals $10,139/yr on $50,388 invested. Return on cash invested prints 40.03% in year one, and rental yield reads 14.68% against a $152,000 entry. Equity gained on principal adds $981/yr, while 5% annual appreciation compiles into $41,995 by year five. Five-year ROI reaches 211.36% and total cumulative return in cash sums $106,498. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,860/mo property income covering a $744/mo payment, not borrower’s personal income.
Single Family
Built in N/A
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14905, Elmira, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,227 (100%) |
| Owner Occupied HU | 2,550 (60.3%) |
| Renter Occupied HU | 1,261 (29.8%) |
| Vacant Housing Units | 416 ( 9.8%) |
| Median Home Value | $185,958 |
| Average Home Value | $200,465 |
Housing Distribution
Address Breakdown
Residential
4,031
Single Family
3,892
Multi-Family
139
Businesses
106
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Listed by: Mary Rose McDonald • Howard Hanna Elmira
Mls Name: ECMLS
Mls Provider:
Mls ID: #274280
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.