750 Reservoir StElmiraNY14905
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 750 Reservoir St, Elmira, NY, 14905 at $106,600 posts ROI 55.63% with $1,052/mo cash flow from $1,764/mo rent. Total monthly income equals $1,764/mo, and annual cash flow records $12,623/yr on $35,338 to close. Return on cash invested measures 55.63% and rental yield reads 19.86% at the current $106,600. Equity gained on principal adds $688/yr, and 5% annual appreciation supports $29,452 by year five. Five-year ROI prints 295.06% and total cumulative return in cash totals $104,268.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,764/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Multi Family
Built in 1930
0.44 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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