831 W Gray StElmiraNY14905
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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 831 W Gray St, Elmira, NY, 14905 with 5% annual appreciation on a $169,900 basis while $1,183/mo rent supports operations. Total monthly income totals $1,183/mo and a $832/mo payment preserves $48/mo for cash returns. Annual cash flow comes to $576/yr on $56,322 deployed, and return on cash invested reaches 20.93% in year one. Equity gained on principal adds $1,096/yr, and five-year appreciation sums $46,940 alongside rental yield of 8.36%. Five-year ROI measures 109.07% and total cumulative return in cash totals $61,430.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,183/mo property income versus a $832/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Multi Family
Built in 1900
8,999 sqft 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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