1057 Coddington RdIthacaNY14850
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Ithaca at 1057 Coddington Rd, Ithaca, NY, 14850 priced at $293,000 pairs $4,480/mo rent with $2,523/mo cash flow after a $1,434/mo payment. Total monthly income equals $4,480/mo, and annual cash flow comes to $30,282/yr on $97,130 invested. Return on cash invested is 51.09% in year one, and rental yield stands at 18.35% on a $293,000 basis. Equity gained on principal adds $1,891/yr, and 5% annual appreciation accumulates to $80,951 by year five. Five-year ROI measures 270.69% and total cumulative return in cash reaches $262,918. For financing, Ziffy Mortgage’s DSCR program evaluates $4,480/mo property income against a $1,434/mo payment instead of your W2s, 1099s, or Tax returns.
Multi Family
Built in 1951
0.97 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14850, Ithaca, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 32,729 (100%) |
| Owner Occupied HU | 11,235 (34.3%) |
| Renter Occupied HU | 17,703 (54.1%) |
| Vacant Housing Units | 3,791 (11.6%) |
| Median Home Value | $378,270 |
| Average Home Value | $423,650 |
Housing Distribution
Address Breakdown
Residential
28,013
Single Family
20,515
Multi-Family
7,498
Businesses
1,944
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jill Rosentel • Warren Real Estate of Ithaca Inc. (Downtown)
Mls Name: ITMLS
Mls Provider:
Mls ID: #R1553904
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.