706 E Washington AveElmiraNY14901
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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 706 E Washington Ave, Elmira, NY, 14901 priced at $129,000 converts $1,024/mo rent into $163/mo cash flow after a $631/mo obligation. Total monthly income equals $1,024/mo, and annual cash flow totals $1,955/yr on $42,764 invested. Return on cash invested prints 24.48% in year one, and rental yield reads 9.53% against a $129,000 entry. Equity gained on principal adds $832/yr, while 5% annual appreciation compiles into $35,640 by year five. Five-year ROI reaches 127.99% and total cumulative return in cash sums $54,733. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,024/mo property income covering a $631/mo payment, not borrower’s personal income.
Single Family
Built in 1900
7,679 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14901, Elmira, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,978 (100%) |
| Owner Occupied HU | 2,654 (38.0%) |
| Renter Occupied HU | 3,262 (46.7%) |
| Vacant Housing Units | 1,062 (15.2%) |
| Median Home Value | $99,658 |
| Average Home Value | $144,765 |
Housing Distribution
Address Breakdown
Residential
5,729
Single Family
5,193
Multi-Family
536
Businesses
565
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