215-217 Prospect StIthacaNY14850
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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 215-217 Prospect St, Ithaca, NY, 14850 earns $1,208/mo cash flow from $4,480/mo rent with a $2,398/mo payment. Total monthly income totals $4,480/mo, and annual cash flow totals $14,500/yr on $162,402 capital. ROI tracks 28.84% on current figures, and rental yield reads 10.97% at a $489,900 purchase. Equity gained on principal adds $3,161/yr, and 5% annual appreciation supports $135,350 over five years. Five-year ROI reaches 151.38% and total cumulative return in cash sums $245,837. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $4,480/mo property income instead of your personal income.
Multi Family
Built in 1864
7,710 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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Listed by: Andrew Schreck • Warren Real Estate of Ithaca Inc. (Downtown)
Mls Name: ITMLS
Mls Provider:
Mls ID: #R1549745
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.