53 Ithaca StWaverlyNY14892
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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 Waverly at 53 Ithaca St, Waverly, NY, 14892 priced at $199,900 converts $1,834/mo rent into $500/mo cash flow after a $978/mo obligation. Total monthly income equals $1,834/mo, and annual cash flow totals $5,994/yr on $66,267 invested. Return on cash invested prints 28.95% in year one, and rental yield reads 11.01% against a $199,900 entry. Equity gained on principal adds $1,290/yr, while 5% annual appreciation compiles into $55,229 by year five. Five-year ROI reaches 152.02% and total cumulative return in cash sums $100,741. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,834/mo property income covering a $978/mo payment, not borrower’s personal income.
Single Family
Built in 1960
1.36 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14892, Waverly, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,747 (100%) |
| Owner Occupied HU | 2,135 (57.0%) |
| Renter Occupied HU | 1,217 (32.5%) |
| Vacant Housing Units | 395 (10.5%) |
| Median Home Value | $154,688 |
| Average Home Value | $208,450 |
Housing Distribution
Address Breakdown
Residential
3,372
Single Family
3,186
Multi-Family
186
Businesses
257
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