409 S Albany 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 409 S Albany St, Ithaca, NY, 14850 offers a 11.37% rental yield on a $473,000 purchase with $4,480/mo rent. Total monthly income registers $4,480/mo, and a $2,315/mo payment leaves $1,321/mo available for distribution. Annual cash flow reaches $15,858/yr on $156,800 to close, and return on cash invested stands at 30.02% in year one. Equity gained on principal adds $3,052/yr while 5% annual appreciation supports $130,681 over five years. Portfolio math shows five-year ROI at 157.72% and total cumulative return in cash at $247,311. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,480/mo property income against a $2,315/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single 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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