Ithaca, NY Long-Term Rental Analysis
Analyze rental property cap rates, cash-on-cash returns, and cashflow for long-term rental investments in Ithaca, NY. Based on 10+ datapoints.
Ithaca, NY Long-Term Rental Investment Snapshot
Based on 10+ long-term rental datapoints
Median Cap Rate
2.2%
Avg Cash on Cash
-22%
Median Cashflow
-$1,731/mo
Avg Rent Estimate
$2,024/mo
Avg Price
$565,939
Price Range
$250K – $900K
approximate
Rent to Price
0.36%
low ratio
Positive Cashflow
0%
of analyzed properties
Recent real estate investor listings analysed as long-term rental deals in Ithaca, NY
Ithaca, NY is primarily an appreciation-driven market for long-term rental investors. Cap rates average 2.2%, typical of premium markets where property value growth complements rental income. Investors here build equity through appreciation while rental income covers holding costs.
Based on 10+ analyzed properties, the median monthly cashflow in Ithaca, NY is -$1,731 with average rents of $2,024/month. Properties are priced about $250,000 to $900,000, offering entry points across multiple investment budgets.
Ithaca, NY Rental Market Insights
- Median cashflow is -$1,731/month — careful deal selection is essential here
- 2.2% median cap rate is typical of appreciation-focused markets
- At 0% positive cashflow rate, Ithaca, NY requires selective property picks
- Premium market with properties priced about $250,000 to $900,000
- Consider this market if your strategy favors equity growth with rental income covering holding costs