917 W Gray St #14905ElmiraNY14905
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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 917 W Gray St #14905, Elmira, NY, 14905 generates $2,400/mo in rent and, after a $1,497/mo payment, leaves $357/mo in cash flow. Total monthly income is $2,400/mo, and annual cash flow is $4,290/yr on $101,406 invested. Return on cash invested sits at 24.14% in year one, and rental yield is 9.41% on a $305,900 entry. Equity gained on principal adds $1,974/yr, while 5% annual appreciation builds toward $84,515 over five years. Five-year ROI reaches 126.19% and total cumulative return in cash sums $127,960. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,400/mo property income rather than buyer’s personal income.
Single Family
Built in 1930
N/A 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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