865 W Hill RdElmiraNY14903
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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 Elmira at 865 W Hill Rd, Elmira, NY, 14903 priced at $329,900 converts $2,791/mo rent into $588/mo cash flow after a $1,615/mo obligation. Total monthly income equals $2,791/mo, and annual cash flow totals $7,052/yr on $109,362 invested. Return on cash invested prints 26.36% in year one, and rental yield reads 10.15% against a $329,900 entry. Equity gained on principal adds $2,129/yr, while 5% annual appreciation compiles into $91,145 by year five. Five-year ROI reaches 138.07% and total cumulative return in cash sums $150,999. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,791/mo property income covering a $1,615/mo payment, not borrower’s personal income.
Single Family
Built in 1900
12.68 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14903, Elmira, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,520 (100%) |
| Owner Occupied HU | 2,066 (58.7%) |
| Renter Occupied HU | 1,201 (34.1%) |
| Vacant Housing Units | 253 ( 7.2%) |
| Median Home Value | $152,714 |
| Average Home Value | $219,673 |
Housing Distribution
Address Breakdown
Residential
3,325
Single Family
3,138
Multi-Family
187
Businesses
372
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