616 Reynolds 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 616 Reynolds St, Elmira, NY, 14904 priced at $120,000 converts $1,746/mo rent into $945/mo cash flow after a $587/mo obligation. Total monthly income equals $1,746/mo, and annual cash flow totals $11,340/yr on $39,780 invested. Return on cash invested prints 48.42% in year one, and rental yield reads 17.46% against a $120,000 entry. Equity gained on principal adds $774/yr, while 5% annual appreciation compiles into $33,154 by year five. Five-year ROI reaches 256.34% and total cumulative return in cash sums $101,971. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,746/mo property income covering a $587/mo payment, not borrower’s personal income.
Multi Family
Built in N/A
5,662 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: Carl Ostrander • Henry Dunn Inc. Elmira
Mls Name: ECMLS
Mls Provider:
Mls ID: #276568
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.