214 Christopher LnIthacaNY14850
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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 214 Christopher Ln, Ithaca, NY, 14850 listed at $486,500 pairs $3,809/mo rent with a $2,381/mo payment to leave $560/mo cash flow. Total monthly income runs $3,809/mo, and annual cash flow reaches $6,725/yr on $161,275 cash to close. Return on cash invested measures 24.08% in year one, and rental yield registers 9.4% at a $486,500 basis. Equity gained on principal adds $3,139/yr, and annual property appreciation at 5% supports $134,411 by year five. Five-year ROI tracks 125.85% and total cumulative return in cash totals $202,961. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,809/mo property income relative to a $2,381/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1977
0.69 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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