1037-39 Ackerman AveSyracuseNY13210
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Ziffy AI Summary
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
Investment property for sale in Syracuse at 1037-39 Ackerman Ave, Syracuse, NY, 13210 uses $105,749 cash to close to unlock $2,029/yr annual cash flow and $169/mo monthly cash flow. Total monthly income runs $2,299/mo, and a $1,561/mo payment keeps the spread at $169/mo. Purchase price stands at $319,000, and rental yield measures 8.65% with $2,299/mo rent. Return on cash invested shows 21.83% in year one, and 5% annual appreciation builds toward $88,134 over five years. Five-year ROI reaches 113.81% and total cumulative return in cash records $120,349. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,299/mo property income covering a $1,561/mo payment rather than investor’s personal income.
Multi Family
Built in 1955
7,919 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 13210, Syracuse, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,640 (100%) |
| Owner Occupied HU | 2,040 (19.2%) |
| Renter Occupied HU | 7,519 (70.7%) |
| Vacant Housing Units | 1,081 (10.2%) |
| Median Home Value | $202,045 |
| Average Home Value | $228,177 |
Housing Distribution
Address Breakdown
Residential
9,518
Single Family
6,174
Multi-Family
3,344
Businesses
578
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