116 N Sunset Dr Ithaca NY 14850 Ithaca, NY, 14850
5 bed • 3 bath • 10 guests
Est. $2,494/mo
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$579,300
Zestimate
$730
Annual Revenue
This property is projected to be in the top 49% revenue percentile compared to similar properties nearby.
AirDNA projects $629/night at 49% occupancy ($112,571.85). Airbtics projects $756/night at 58% occupancy ($160,152).
Top 81% of comparables
Top 98% of comparables
Seasonality
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Airbnb Comparables
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$151,767
Avg annual revenue
58%
Avg occupancy rate
$756
Avg nightly rate
Any type
House
Apartment
Any min stay
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Revenue per year
$45k
$155k
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$390k
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-$48,122
Profit
Revenue
$730
Operating Expenses
$13,775
Operating Income
-$13,044
Mortgage & Taxes
$35,078
Profit (Cash Flow)
-$48,122
$132,350
Cash Investment
Down Payment
$104,000
Renos & Furnishing
$12,750
Closing Costs
$15,600
Total
$132,350
DSCR Ratio
Weak
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Investment Value Over Time
Property Appreciation
3%
Revenue Appreciation
0%
Cash on Cash Return
-36.35%
Cap Rate
-2.5%
STR Tax Calculator (USA)
Your current annual income
Your income tax rate
Taxes paid on $150,000
$45,000
If you buy this investment property, your est deduction will be...
Deductible mortgage interest
$24,680
Deductible property tax
$5,148
Your total deduction
$101,397
Your adjusted annual income
$150,000 - $101,397 = $48,603
Taxes on $48,603 (30%)
$14,581
Your old tax bill
$45,000
Your new tax bill
$14,581
Estimated tax savings
$30,419
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Property Overview
View property info, current ownership, recently sold comps, school zone ratings, area rents, and more.
Lot size:
24,200 sqft
Year built:
1958
Size:
3,484 sqft
Type:
SFR
Parking:
2
Heating:
HOT WATER
Sold Comparables
| Address | Beds | Baths | Square Feet | $/SqFt | Lot Size | Year Built | Last Sale | Days on Market |
|---|---|---|---|---|---|---|---|---|
| 120 Heights Ct | 4 | 3 | 3,113 | - | 6,882 | 1913 | $690,000 | 146 |
| 209 White Park Rd | 4 | 3 | 2,286 | - | 25,480 | 1924 | $385,000 | - |
| 110 Highgate Pl | 5 | 3 | 2,648 | - | 27,840 | 1954 | $950,000 | 91 |
| 11 Spruce Ln | 4 | 4 | 3,102 | - | 29,750 | 1993 | $710,640 | 85 |
| 711 The Pkwy | 5 | 3 | 2,001 | - | 22,216 | 1969 | $500,000 | 49 |
| 235 Berkshire Rd | 3 | 3 | 2,708 | - | 37,897 | 1960 | $737,000 | 98 |
| 228 Renwick Dr | 3 | 2 | 1,995 | - | 7,420 | 1947 | $502,000 | 54 |
| 102 Sunset Dr | 3 | 3 | 2,382 | - | 9,583 | 1935 | $665,000 | 113 |
| 209 E Upland Rd | 3 | 3 | 2,565 | - | 16,988 | 1933 | $610,000 | 82 |
| 107 Highgate Rd | 3 | 2 | 2,212 | - | 16,553 | 1935 | $685,000 | 40 |
Property Details
- MLS Status: property-details-mls-status-cancelled
- Property Use: Single Family Residence
- Stories: 2
- Lot size: 24,200 sqft
- Building area: 3,484 sqft
- Garage: Yes
- Heating: Hot water
- Pool: No
- Fireplaces: 1
- Basement: Yes
- Cooling: -
- View: -
- Parking: -
- Amenities: -
- Price per square foot: -
Lot Info
- Zoning: -
- Land Use: Residential
- Parcel Number: 503001 8.-1-5
- Flood Zone: No
Tax Info
- Year Assessed: 2023
- Assessed Value: $370,000
- County Est. Land Value: $123,200
- Assessed Land Value: $123,200
- County Est. Structure Value: $246,800
Market Estimate: -