876 Midline RdFreevilleNY13068
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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 Freeville at 876 Midline Rd, Freeville, NY, 13068 offers a 6.5% rental yield on a $267,000 purchase with $1,447/mo rent. 35% in year one. Equity gained on principal adds $1,723/yr while 5% annual appreciation supports $73,767 over five years. Portfolio math shows five-year ROI at 79.04% and total cumulative return in cash at $69,955. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,447/mo property income against a $1,307/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1987
1.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 13068, Freeville, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,574 (100%) |
| Owner Occupied HU | 1,636 (63.6%) |
| Renter Occupied HU | 741 (28.8%) |
| Vacant Housing Units | 197 ( 7.7%) |
| Median Home Value | $270,044 |
| Average Home Value | $339,982 |
Housing Distribution
Address Breakdown
Residential
2,247
Single Family
2,173
Multi-Family
74
Businesses
68
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Listed by: Emily Doyle • Warren Real Estate of Ithaca Inc. (Downtown)
Mls Name: ITMLS
Mls Provider:
Mls ID: #R1560422
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.