119 Charles AveSyracuseNY13209
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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 119 Charles Ave, Syracuse, NY, 13209 with 5% annual appreciation on a $235,000 basis while $1,975/mo rent supports operations. Total monthly income totals $1,975/mo and a $1,150/mo payment preserves $406/mo for cash returns. Annual cash flow comes to $4,871/yr on $77,903 deployed, and return on cash invested reaches 26.16% in year one. Equity gained on principal adds $1,516/yr, and five-year appreciation sums $64,926 alongside rental yield of 10.09%. Five-year ROI measures 137.01% and total cumulative return in cash totals $106,732.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,975/mo property income versus a $1,150/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Multi Family
Built in 1910
4,917 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 13209, Syracuse, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,138 (100%) |
| Owner Occupied HU | 3,887 (63.3%) |
| Renter Occupied HU | 1,844 (30.0%) |
| Vacant Housing Units | 407 ( 6.6%) |
| Median Home Value | $177,352 |
| Average Home Value | $238,896 |
Housing Distribution
Address Breakdown
Residential
5,890
Single Family
5,227
Multi-Family
663
Businesses
460
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Listed by: Robert Zaccaria • Acropolis Realty Group LLC
Mls Name: NYSAMLSs
Mls Provider:
Mls ID: #S1637731
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