9 Redwood LnIthacaNY14850
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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 9 Redwood Ln, Ithaca, NY, 14850 at $349,900 posts ROI 20.23% with $31/mo cash flow from $2,368/mo rent. Total monthly income equals $2,368/mo, and annual cash flow records $372/yr on $115,992 to close. Return on cash invested measures 20.23% and rental yield reads 8.12% at the current $349,900. Equity gained on principal adds $2,258/yr, and 5% annual appreciation supports $96,671 by year five. Five-year ROI prints 105.24% and total cumulative return in cash totals $122,070.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,368/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1966
1.80 Acres 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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