120 Merrill StSyracuseNY13208
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 120 Merrill St, Syracuse, NY, 13208 at $159,900 posts ROI 23.84% with $174/mo cash flow from $1,242/mo rent. Total monthly income equals $1,242/mo, and annual cash flow records $2,086/yr on $53,007 to close. Return on cash invested measures 23.84% and rental yield reads 9.32% at the current $159,900. Equity gained on principal adds $1,032/yr, and 5% annual appreciation supports $44,177 by year five. Five-year ROI prints 124.57% and total cumulative return in cash totals $66,030.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,242/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1927
5,235 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 13208, Syracuse, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,101 (100%) |
| Owner Occupied HU | 3,684 (36.5%) |
| Renter Occupied HU | 5,202 (51.5%) |
| Vacant Housing Units | 1,215 (12.0%) |
| Median Home Value | $115,472 |
| Average Home Value | $182,372 |
Housing Distribution
Address Breakdown
Residential
8,681
Single Family
7,711
Multi-Family
970
Businesses
563
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Nearby investment properties with comparable prices
Listed by: Ryan Millard • Coldwell Banker Prime Prop,Inc
Mls Name: NYSAMLSs
Mls Provider:
Mls ID: #S1594617
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