73 Durland AveElmiraNY14905
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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 73 Durland Ave, Elmira, NY, 14905 listed at $265,900 pairs $3,664/mo rent with a $1,301/mo payment to leave $1,889/mo cash flow. Total monthly income runs $3,664/mo, and annual cash flow reaches $22,666/yr on $88,146 cash to close. Return on cash invested measures 45.62% in year one, and rental yield registers 16.54% at a $265,900 basis. Equity gained on principal adds $1,716/yr, and annual property appreciation at 5% supports $73,463 by year five. Five-year ROI tracks 241.37% and total cumulative return in cash totals $212,758. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,664/mo property income relative to a $1,301/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1940
0.36 Acres 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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