86 W 2nd StCorningNY14830
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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 Corning at 86 W 2nd St, Corning, NY, 14830 priced at $215,000 converts $2,364/mo rent into $929/mo cash flow after a $1,052/mo obligation. Total monthly income equals $2,364/mo, and annual cash flow totals $11,143/yr on $71,273 invested. Return on cash invested prints 35.54% in year one, and rental yield reads 13.19% against a $215,000 entry. Equity gained on principal adds $1,387/yr, while 5% annual appreciation compiles into $59,401 by year five. Five-year ROI reaches 187.34% and total cumulative return in cash sums $133,525. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,364/mo property income covering a $1,052/mo payment, not borrower’s personal income.
Multi Family
Built in N/A
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14830, Corning, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,530 (100%) |
| Owner Occupied HU | 5,416 (56.8%) |
| Renter Occupied HU | 3,111 (32.6%) |
| Vacant Housing Units | 1,003 (10.5%) |
| Median Home Value | $195,235 |
| Average Home Value | $226,330 |
Housing Distribution
Address Breakdown
Residential
8,713
Single Family
8,188
Multi-Family
525
Businesses
669
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Listed by: Michelle Simmons • Howard Hanna Corning Market St.
Mls Name: ECMLS
Mls Provider:
Mls ID: #278240
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.