522 W Seneca StIthacaNY14850
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 522 W Seneca St, Ithaca, NY, 14850 uses $138,899 cash to close to unlock $20,181/yr annual cash flow and $1,682/mo monthly cash flow. Total monthly income runs $4,480/mo, and a $2,051/mo payment keeps the spread at $1,682/mo. Purchase price stands at $419,000, and rental yield measures 12.83% with $4,480/mo rent. Return on cash invested shows 34.44% in year one, and 5% annual appreciation builds toward $115,762 over five years. Five-year ROI reaches 181.4% and total cumulative return in cash records $251,957. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,480/mo property income covering a $2,051/mo payment rather than investor’s personal income.
Multi Family
Built in 1880
6,534 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices