702 Hudson 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 702 Hudson St, Ithaca, NY, 14850 listed at $535,000 pairs $4,480/mo rent with a $2,619/mo payment to leave $907/mo cash flow. Total monthly income runs $4,480/mo, and annual cash flow reaches $10,883/yr on $176,015 cash to close. Return on cash invested measures 26.24% in year one, and rental yield registers 10.05% at a $535,000 basis. Equity gained on principal adds $3,452/yr, and annual property appreciation at 5% supports $147,811 by year five. Five-year ROI tracks 137.42% and total cumulative return in cash totals $241,876. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,480/mo property income relative to a $2,619/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Multi Family
Built in 1968
8,097 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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