178 Wainwright AveSyracuseNY13208
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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 178 Wainwright Ave, Syracuse, NY, 13208 priced at $180,000 converts $1,861/mo rent into $659/mo cash flow after a $881/mo obligation. Total monthly income equals $1,861/mo, and annual cash flow totals $7,908/yr on $59,670 invested. Return on cash invested prints 33.16% in year one, and rental yield reads 12.41% against a $180,000 entry. Equity gained on principal adds $1,162/yr, while 5% annual appreciation compiles into $49,731 by year five. Five-year ROI reaches 174.55% and total cumulative return in cash sums $104,153. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,861/mo property income covering a $881/mo payment, not borrower’s personal income.
Single Family
Built in 1962
5,279 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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