118 N Front StSyracuseIN46567
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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 118 N Front St, Syracuse, IN, 46567 offers $3,162/mo rent that, after a $8,071/mo payment. Total monthly income is $3,162/mo. Return on cash invested measures 4.56% in year one, and rental yield stands at 2.3% at a $1,649,000 entry. Equity gained on principal adds $10,641/yr while 5% annual appreciation compounds into $455,588 by year five. Five-year ROI records 20.45% and total cumulative return in cash reaches $109,251. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,162/mo property income versus a $8,071/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2005
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46567, Syracuse, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,038 (100%) |
| Owner Occupied HU | 3,136 (51.9%) |
| Renter Occupied HU | 872 (14.4%) |
| Vacant Housing Units | 2,030 (33.6%) |
| Median Home Value | $317,585 |
| Average Home Value | $442,306 |
Housing Distribution
Address Breakdown
Residential
5,356
Single Family
5,308
Multi-Family
48
Businesses
364
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