400 Oak AveIthacaNY14850
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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 400 Oak Ave, Ithaca, NY, 14850 priced at $469,900 converts $4,480/mo rent into $1,342/mo cash flow after a $2,300/mo obligation. Total monthly income equals $4,480/mo, and annual cash flow totals $16,104/yr on $155,772 invested. Return on cash invested prints 30.25% in year one, and rental yield reads 11.44% against a $469,900 entry. Equity gained on principal adds $3,032/yr, while 5% annual appreciation compiles into $129,825 by year five. Five-year ROI reaches 158.95% and total cumulative return in cash sums $247,598. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,480/mo property income covering a $2,300/mo payment, not borrower’s personal income.
Single Family
Built in 1900
5,096 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: Kyle Steele • Howard Hanna S Tier Inc
Mls Name: ITMLS
Mls Provider:
Mls ID: #R1540585
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.