921 Grove StElmiraNY14901
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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 921 Grove St, Elmira, NY, 14901 listed at $124,900 pairs $953/mo rent with a $611/mo payment to leave $119/mo cash flow. Total monthly income runs $953/mo, and annual cash flow reaches $1,431/yr on $41,404 cash to close. Return on cash invested measures 23.37% in year one, and rental yield registers 9.16% at a $124,900 basis. Equity gained on principal adds $806/yr, and annual property appreciation at 5% supports $34,508 by year five. Five-year ROI tracks 122.13% and total cumulative return in cash totals $50,566. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $953/mo property income relative to a $611/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1930
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14901, Elmira, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,978 (100%) |
| Owner Occupied HU | 2,654 (38.0%) |
| Renter Occupied HU | 3,262 (46.7%) |
| Vacant Housing Units | 1,062 (15.2%) |
| Median Home Value | $99,658 |
| Average Home Value | $144,765 |
Housing Distribution
Address Breakdown
Residential
5,729
Single Family
5,193
Multi-Family
536
Businesses
565
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