98 Oakwood Ave, Elmira Heights, NY, 14903 | $1,164/mo Cash Flow

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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

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Investment Highlights

Rental property for sale in Elmira Heights at 98 Oakwood Ave, Elmira Heights, NY, 14903 priced at $152,500 pairs $2,182/mo rent with $1,164/mo cash flow after a $746/mo payment. Total monthly income equals $2,182/mo, and annual cash flow comes to $13,968/yr on $50,554 invested. Return on cash invested is 47.54% in year one, and rental yield stands at 17.17% on a $152,500 basis. Equity gained on principal adds $984/yr, and 5% annual appreciation accumulates to $42,133 by year five. Five-year ROI measures 251.73% and total cumulative return in cash reaches $127,259. For financing, Ziffy Mortgage’s DSCR program evaluates $2,182/mo property income against a $746/mo payment instead of your W2s, 1099s, or Tax returns.

Single Family

Built in 1925

8,650 sqft 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