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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 Ithaca at 1322 Hanshaw Rd, Ithaca, NY, 14850 generates $2,700/mo in rent and, after a $1,537/mo payment, leaves $603/mo in cash flow. Total monthly income is $2,700/mo, and annual cash flow is $7,236/yr on $104,091 invested. Return on cash invested sits at 26.86% in year one, and rental yield is 10.32% on a $314,000 entry. Equity gained on principal adds $2,026/yr, while 5% annual appreciation builds toward $86,752 over five years. Five-year ROI reaches 140.81% and total cumulative return in cash sums $146,571. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,700/mo property income rather than buyer’s personal income.
Single Family
Built in 1959
0.57 Acres lot
$N/A/sqft
No HOA
More details about the property
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
Price History
Date | Event | Price |
|---|---|---|
| 2025-10-21 | Contingent | $314,000 |
| 2025-09-29 | Listed for sale | $314,000 |
| 2022-06-14 | Sold | $290,000 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-28 | N/A | N/A | $305,000 | 5.17% |
| 2023-10-28 | N/A | N/A | $290,000 | 7.41% |
| 2022-10-28 | N/A | N/A | $270,000 | 45.95% |
Nearby investment properties with comparable rents
No similar rental properties found nearby.
Nearby investment properties with comparable prices
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Facts & Features
General Information
- Type: SingleFamily
- Year Built: 1959
- Architectural Style: Ranch
- Building Area: 984
- Living Area: 984 sqft
- Property Condition: Resale
Features & Amenities
- Heating: Gas, Forced Air
- Cooling: N/A
- Flooring: Hardwood, Varies
- Interior Features: Separate/Formal Living Room, Galley Kitchen, Granite Counters, Main Level Primary
- Exterior Features: Deck, Gravel Driveway
- Parking Features: Underground, Garage Door Opener
Location
- City: Ithaca
- Subdivision: Hanshaw Road Sec 70
- Lot Size: 0.57 Acres
- Lot Features: Corner Lot, Near Public Transit, Rectangular, Rectangular Lot, Residential Lot
- View: N/A
HOA & Fees
- HOA Fee: N/A
- Association Fee: N/A
- Fees & Dues: N/A
- Association Amenities: N/A
- Association Fee Includes: N/A
Utilities
- Utilities: Electricity Connected, High Speed Internet Available, Sewer Connected, Water Connected
- Sewer: Connected
- Water Source: Connected, Public
- Road Surface Type: N/A
School Information
- Elementary School: Northeast
- Middle School: N/A
- High School: Ithaca Senior High
Listed by: Johannes Dulfer • Berkshire Hathaway HomeServices Heritage Realty
Mls Name: NYSAMLSs
Mls Provider:
Mls ID: #R1640992
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