113 Grumbach AveSyracuseNY13203
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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
Rental property for sale in Syracuse at 113 Grumbach Ave, Syracuse, NY, 13203 generates $1,977/mo in rent and, after a $967/mo payment, leaves $658/mo in cash flow. Total monthly income is $1,977/mo, and annual cash flow is $7,893/yr on $65,471 invested. Return on cash invested sits at 31.97% in year one, and rental yield is 12.01% on a $197,500 entry. Equity gained on principal adds $1,274/yr, while 5% annual appreciation builds toward $54,566 over five years. Five-year ROI reaches 168.15% and total cumulative return in cash sums $110,091. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,977/mo property income rather than buyer’s personal income.
Multi Family
Built in 1900
6,599 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 13203, Syracuse, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,754 (100%) |
| Owner Occupied HU | 1,925 (22.0%) |
| Renter Occupied HU | 5,642 (64.5%) |
| Vacant Housing Units | 1,187 (13.6%) |
| Median Home Value | $201,647 |
| Average Home Value | $270,826 |
Housing Distribution
Address Breakdown
Residential
7,436
Single Family
4,695
Multi-Family
2,741
Businesses
426
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