1411 Prospect StOvidNY14521
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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 Ovid at 1411 Prospect St, Ovid, NY, 14521 offers a 14.83% rental yield on a $116,500 purchase with $1,440/mo rent. Total monthly income registers $1,440/mo, and a $570/mo payment leaves $662/mo available for distribution. Annual cash flow reaches $7,947/yr on $38,620 to close, and return on cash invested stands at 40.49% in year one. Equity gained on principal adds $752/yr while 5% annual appreciation supports $32,187 over five years. Portfolio math shows five-year ROI at 213.93% and total cumulative return in cash at $82,620. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,440/mo property income against a $570/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1900
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14521, Ovid, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,493 (100%) |
| Owner Occupied HU | 820 (54.9%) |
| Renter Occupied HU | 332 (22.2%) |
| Vacant Housing Units | 341 (22.8%) |
| Median Home Value | $205,556 |
| Average Home Value | $302,802 |
Housing Distribution
Address Breakdown
Residential
1,029
Single Family
991
Multi-Family
38
Businesses
95
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Listed by: Mary Lisa Strassheim • Homes of Ithaca
Mls Name: ITMLS
Mls Provider:
Mls ID: #R1557962
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.