656 Cedar 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 656 Cedar St, Elmira, NY, 14904 at $120,000 posts ROI 23.5% with $119/mo cash flow from $920/mo rent. Total monthly income equals $920/mo, and annual cash flow records $1,428/yr on $39,780 to close. Return on cash invested measures 23.5% and rental yield reads 9.2% at the current $120,000. Equity gained on principal adds $774/yr, and 5% annual appreciation supports $33,154 by year five. Five-year ROI prints 122.73% and total cumulative return in cash totals $48,823.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $920/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1925
5,106 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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