402 University 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 402 University Ave, Ithaca, NY, 14850 generates $4,480/mo in rent and, after a $2,291/mo payment, leaves $1,354/mo in cash flow. Total monthly income is $4,480/mo, and annual cash flow is $16,253/yr on $155,142 invested. Return on cash invested sits at 30.39% in year one, and rental yield is 11.49% on a $468,000 entry. Equity gained on principal adds $3,020/yr, while 5% annual appreciation builds toward $129,300 over five years. Five-year ROI reaches 159.67% and total cumulative return in cash sums $247,721. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,480/mo property income rather than buyer’s personal income.
Multi Family
Built in 1920
7,405 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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