1893 E Shore DrIthacaNY14882
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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 1893 E Shore Dr, Ithaca, NY, 14882 offers $2,400/mo rent that, after a $1,248/mo payment, leaves $697/mo cash flow. Total monthly income is $2,400/mo, and annual cash flow is $8,367/yr on $84,533 cash. Return on cash invested measures 29.81% in year one, and rental yield stands at 11.29% at a $255,000 entry. Equity gained on principal adds $1,645/yr while 5% annual appreciation compounds into $70,452 by year five. Five-year ROI records 156.6% and total cumulative return in cash reaches $132,380. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,400/mo property income versus a $1,248/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Multi Family
Built in 1840
1.16 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14882, Lansing, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,967 (100%) |
| Owner Occupied HU | 1,252 (63.7%) |
| Renter Occupied HU | 452 (23.0%) |
| Vacant Housing Units | 263 (13.4%) |
| Median Home Value | $353,425 |
| Average Home Value | $490,954 |
Housing Distribution
Address Breakdown
Residential
1,762
Single Family
1,722
Multi-Family
40
Businesses
127
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Listed by: Jamie L Jones • Howard Hanna S Tier Inc
Mls Name: ITMLS
Mls Provider:
Mls ID: #R1541918
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.