903 W 1st 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 903 W 1st St, Elmira, NY, 14905 offers a 17.75% rental yield on a $125,745 purchase with $1,860/mo rent. Total monthly income registers $1,860/mo, and a $615/mo payment leaves $1,021/mo available for distribution. Annual cash flow reaches $12,249/yr on $41,684 to close, and return on cash invested stands at 49.29% in year one. Equity gained on principal adds $811/yr while 5% annual appreciation supports $34,741 over five years. Portfolio math shows five-year ROI at 261.04% and total cumulative return in cash at $108,815. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,860/mo property income against a $615/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1900
6,821 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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