1607 Burnet AveSyracuseNY13206
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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 1607 Burnet Ave, Syracuse, NY, 13206 priced at $299,000 converts $2,216/mo rent into $220/mo cash flow after a $1,463/mo obligation. Total monthly income equals $2,216/mo, and annual cash flow totals $2,637/yr on $99,119 invested. Return on cash invested prints 22.57% in year one, and rental yield reads 8.89% against a $299,000 entry. Equity gained on principal adds $1,929/yr, while 5% annual appreciation compiles into $82,608 by year five. Five-year ROI reaches 117.76% and total cumulative return in cash sums $116,722. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,216/mo property income covering a $1,463/mo payment, not borrower’s personal income.
Multi Family
Built in 1920
4,356 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 13206, Syracuse, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,320 (100%) |
| Owner Occupied HU | 3,838 (46.1%) |
| Renter Occupied HU | 3,859 (46.4%) |
| Vacant Housing Units | 623 ( 7.5%) |
| Median Home Value | $153,136 |
| Average Home Value | $192,727 |
Housing Distribution
Address Breakdown
Residential
8,043
Single Family
6,463
Multi-Family
1,580
Businesses
809
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