116 E Heman StEast SyracuseNY13057
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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 East Syracuse at 116 E Heman St, East Syracuse, NY, 13057 priced at $469,000 pairs $1,532/mo rent with after a $2,296/mo payment. Total monthly income equals $1,532/mo. Return on cash invested is 7.56% in year one, and rental yield stands at 3.92% on a $469,000 basis. Equity gained on principal adds $3,026/yr, and 5% annual appreciation accumulates to $129,576 by year five. Five-year ROI measures 37.25% and total cumulative return in cash reaches $57,919. For financing, Ziffy Mortgage’s DSCR program evaluates $1,532/mo property income against a $2,296/mo payment instead of your W2s, 1099s, or Tax returns.
Multi Family
Built in 1925
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 13057, East Syracuse, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,931 (100%) |
| Owner Occupied HU | 4,704 (67.9%) |
| Renter Occupied HU | 1,823 (26.3%) |
| Vacant Housing Units | 404 ( 5.8%) |
| Median Home Value | $189,908 |
| Average Home Value | $223,621 |
Housing Distribution
Address Breakdown
Residential
6,661
Single Family
5,768
Multi-Family
893
Businesses
1,276
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Nearby investment properties with comparable prices
Listed by: Christopher Newman • Acropolis Realty Group LLC
Mls Name: NYSAMLSs
Mls Provider:
Mls ID: #S1584232
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