240 Pennsylvania AveTrumansburgNY14886
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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 Trumansburg at 240 Pennsylvania Ave, Trumansburg, NY, 14886 offers $1,800/mo rent that, after a $1,542/mo payment. Total monthly income is $1,800/mo. Return on cash invested measures 16.42% in year one, and rental yield stands at 6.86% at a $315,000 entry. Equity gained on principal adds $2,033/yr while 5% annual appreciation compounds into $87,029 by year five. Five-year ROI records 84.8% and total cumulative return in cash reaches $88,553. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,800/mo property income versus a $1,542/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1980
0.90 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14886, Trumansburg, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,402 (100%) |
| Owner Occupied HU | 2,281 (67.0%) |
| Renter Occupied HU | 706 (20.8%) |
| Vacant Housing Units | 415 (12.2%) |
| Median Home Value | $310,159 |
| Average Home Value | $337,753 |
Housing Distribution
Address Breakdown
Residential
2,668
Single Family
2,585
Multi-Family
83
Businesses
157
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Listed by: Elizabeth Thompson • Warren Real Estate of Ithaca Inc.
Mls Name: NYSAMLSs
Mls ID: #R1638822