ZIP CODE 14850 // ITHACA, NY // DATA AS OF 2026-09-30
Ithaca, NY (14850) Rental Property Cap Rate & Cash Flow Report
Located in Tompkins County (Ithaca, NY), Zip Code 14850 ranks #230 of 500 within this selected sample (54th percentile) with a Zillow ZHVI typical home-value index of $410,762 (+2.0% YoY) and a ZORI observed market rent of $2,038/mo (+4.4% YoY). Requires at least 56.8% down payment at 6.5% interest to reach $0/mo break-even cash flow. This model combines different housing populations; it is not an observed average property return. Costs assume state-average tax, 0.5% annual insurance, 13% reserves and no HOA or management. Figures below follow your edits; this headline describes the original benchmark.
Net Monthly Cash Flow
-$954/mo
Annual: -$11,453/yr
Modeled Cap Rate
3.28%
NOI: $13,472/yr
Cash-on-Cash Return
-12.12%
Cash Needed: $94,475
1% Rule Ratio
0.50%
Gross Yield: 5.95%
Break-Even Rent
$3,135/mo
State Tax: 1.40%/yr
INTERACTIVE PRO-FORMA STATEMENT (ZIP 14850 BENCHMARK)
Edit any value
Purchase Price (ZHVI proxy)
Monthly Gross Rent (ZORI proxy)
Down Payment (%)
Interest Rate (30Y Fixed %)
Annual Property Tax (NY Avg 1.40%)
Annual Home Insurance ($)
Monthly HOA Fee ($)
Monthly Debt Service (P&I)
-$2,077/mo
Monthly Operating Expenses (Tax + Ins + 13% Reserves)
-$915/mo
HISTORICAL ZHVI PRICE VS. ZORI RENT TRAJECTORY (14850)
| Year | ZHVI Value | ZORI Rent | Gross Yield |
|---|---|---|---|
| 2021 | $317,238 | $1,477/mo | 5.59% |
| 2022 | $358,072 | $1,632/mo | 5.47% |
| 2023 | $374,540 | $1,786/mo | 5.72% |
| 2024 | $394,477 | $1,898/mo | 5.77% |
| 2025 | $402,624 | $1,953/mo | 5.82% |
| 2026 | $410,762 | $2,038/mo | 5.95% |
COMPARABLE U.S. RENTAL MARKETS
| Zip / City | Price | Rent | Cap Rate | Cash Flow |
|---|---|---|---|---|
| 11691 New York, NY | $675,244 | $3,320/mo | 3.23% | -$1,595/mo |
| 10002 New York, NY | $976,229 | $4,797/mo | 3.23% | -$2,309/mo |
| 11706 Bay Shore, NY | $657,075 | $3,304/mo | 3.35% | -$1,488/mo |
| 11550 Hempstead, NY | $650,788 | $3,106/mo | 3.08% | -$1,619/mo |
| 11207 New York, NY | $636,603 | $3,286/mo | 3.49% | -$1,368/mo |
| 10466 New York, NY | $663,951 | $3,144/mo | 3.04% | -$1,673/mo |