406 W Court 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
Rental property for sale in Ithaca at 406 W Court St, Ithaca, NY, 14850 priced at $280,000 pairs $2,469/mo rent with $600/mo cash flow after a $1,370/mo payment. Total monthly income equals $2,469/mo, and annual cash flow comes to $7,196/yr on $92,820 invested. Return on cash invested is 27.66% in year one, and rental yield stands at 10.58% on a $280,000 basis. Equity gained on principal adds $1,807/yr, and 5% annual appreciation accumulates to $77,359 by year five. Five-year ROI measures 145.05% and total cumulative return in cash reaches $134,637. For financing, Ziffy Mortgage’s DSCR program evaluates $2,469/mo property income against a $1,370/mo payment instead of your W2s, 1099s, or Tax returns.
Multi Family
Built in 1900
4,356 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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