15 Observatory CirIthacaNY14850
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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 Ithaca at 15 Observatory Cir, Ithaca, NY, 14850 uses $125,639 cash to close to unlock $901/yr annual cash flow and $75/mo monthly cash flow. Total monthly income runs $2,606/mo, and a $1,855/mo payment keeps the spread at $75/mo. Purchase price stands at $379,000, and rental yield measures 8.25% with $2,606/mo rent. Return on cash invested shows 20.63% in year one, and 5% annual appreciation builds toward $104,711 over five years. Five-year ROI reaches 107.35% and total cumulative return in cash records $134,879. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,606/mo property income covering a $1,855/mo payment rather than investor’s personal income.
Single Family
Built in 2003
0.47 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
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