760 Spruce 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 760 Spruce St, Elmira, NY, 14904 earns $1,119/mo cash flow from $1,876/mo rent with a $555/mo payment. Total monthly income totals $1,876/mo, and annual cash flow totals $13,425/yr on $37,592 capital. ROI tracks 55.62% on current figures, and rental yield reads 19.85% at a $113,400 purchase. Equity gained on principal adds $732/yr, and 5% annual appreciation supports $31,330 over five years. Five-year ROI reaches 295.05% and total cumulative return in cash sums $110,915. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,876/mo property income instead of your personal income.
Single Family
Built in 1925
7,187 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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