Market comparison
Ithaca, NY vs Old Forge, NY
On modelled numbers, Ithaca carries the higher annual revenue and Ithaca the stronger occupancy. Same state alternatives
Modelled estimate
| Ithaca, NY | Old Forge, NY | |
|---|---|---|
| Modelled annual revenue | $40,500 | $39,800 |
| Nightly rate | $198 | $218 |
| Occupancy | 56% | 50% |
| Nights booked a year | 204 | 183 |
| Peak season | Apr–Sep–Oct | Jun–Jul–Aug |
| Season concentration | 39% in top 4 months | 54% in top 4 months |
| Modelled purchase price | $295,000 | $325,000 |
| Modelled cash-on-cash | 13% | 9% |
| Break-even occupancy | 36% | 36% |
| Mid-term monthly rent | $2,650 | $2,950 |
| Short vs mid-term | Close | Close |
| Rule status | Status unpublished | Status unpublished |
| Market type | college | lake |
Operating costs are modelled at 32% of gross revenue for a nightly rental (cleaning, supplies, utilities, platform fees, maintenance, insurance) and 14% for a monthly rental. Financing assumes a 25% down payment and a 30-year loan at 7%. These are planning assumptions, not quotes — replace them with your own numbers. Rule status is only stated where we hold an official source; otherwise it is marked as needing verification on each market's regulation page.
Dig into Old Forge, NY
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