107 2nd StIthacaNY14850
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
Investment property for sale in Ithaca at 107 2nd St, Ithaca, NY, 14850 uses $117,683 cash to close to unlock $3,947/yr annual cash flow and $329/mo monthly cash flow. Total monthly income runs $2,700/mo, and a $1,738/mo payment keeps the spread at $329/mo. Purchase price stands at $355,000, and rental yield measures 9.13% with $2,700/mo rent. Return on cash invested shows 23.26% in year one, and 5% annual appreciation builds toward $98,080 over five years. Five-year ROI reaches 121.47% and total cumulative return in cash records $142,944. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,700/mo property income covering a $1,738/mo payment rather than investor’s personal income.
Single Family
Built in 1900
2,539 sqft 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: Carol Bushberg • Warren Real Estate of Ithaca Inc. (Downtown)
Mls Name: NYSAMLSs
Mls Provider:
Mls ID: #R1607572
Disclaimer: The data relating to real estate on this web site comes in part from the Internet Data Exchange (IDX) Program of the CNYIS, UNYREIS and WNYREIS. Real estate listings held by firms other than Zillow, Inc. are marked with the IDX logo and include the Listing Brokers Firm Name. Listing Data last updated at 2025-05-30 10:32:22 PDT. Disclaimer: All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither the listing broker(s) nor Zillow, Inc. shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless. 2025 CNYIS, UNYREIS, WNYREIS. All rights reserved.