44 Nor WayIthacaNY14850
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 44 Nor Way, Ithaca, NY, 14850 at $559,000 posts ROI 20.12% with $9/mo cash flow from $3,992/mo rent. Total monthly income equals $3,992/mo, and annual cash flow records $109/yr on $183,911 to close. Return on cash invested measures 20.12% and rental yield reads 8.57% at the current $559,000. Equity gained on principal adds $3,607/yr, and 5% annual appreciation supports $154,441 by year five. Five-year ROI prints 105.2% and total cumulative return in cash totals $193,467.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,992/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Townhouse
Built in 2011
4,356 sqft lot
$N/A/sqft
$250 monthly 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jacqueline T Mei • Howard Hanna S Tier Inc
Mls Name: ITMLS
Mls Provider:
Mls ID: #R1581063
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.