116 Terrace View DrIthacaNY14850
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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 Ithaca at 116 Terrace View Dr, Ithaca, NY, 14850 generates $3,061/mo in rent and, after a $2,086/mo payment, leaves $215/mo in cash flow. Total monthly income is $3,061/mo, and annual cash flow is $2,579/yr on $141,285 invested. Return on cash invested sits at 21.73% in year one, and rental yield is 8.62% on a $426,200 entry. Equity gained on principal adds $2,750/yr, while 5% annual appreciation builds toward $117,751 over five years. Five-year ROI reaches 113.27% and total cumulative return in cash sums $160,030. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,061/mo property income rather than buyer’s personal income.
Single Family
Built in 1986
9,583 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
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