759 Main StChemungNY14825
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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 Chemung at 759 Main St, Chemung, NY, 14825 generates $1,119/mo in rent and, after a $729/mo payment, leaves $124/mo in cash flow. Total monthly income is $1,119/mo, and annual cash flow is $1,491/yr on $49,394 invested. Return on cash invested sits at 22.93% in year one, and rental yield is 9.01% on a $149,000 entry. Equity gained on principal adds $961/yr, while 5% annual appreciation builds toward $41,166 over five years. Five-year ROI reaches 119.76% and total cumulative return in cash sums $59,152. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,119/mo property income rather than buyer’s personal income.
Single Family
Built in N/A
1.06 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14825, Chemung, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 301 (100%) |
| Owner Occupied HU | 220 (73.1%) |
| Renter Occupied HU | 48 (15.9%) |
| Vacant Housing Units | 33 (11.0%) |
| Median Home Value | $172,368 |
| Average Home Value | $203,352 |
Housing Distribution
Address Breakdown
Residential
288
Single Family
288
Multi-Family
0
Businesses
20
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Listed by: Charles H. Rybak • Howard Hanna Horseheads
Mls Name: ECMLS
Mls Provider:
Mls ID: #276831
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.