2 Michele DrSyracuseNY13219
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowInvestors targeting immediate dollar income will find 2 Michele Dr, Syracuse, NY, 13219 in Syracuse hard to pass up. The 11% gross yield on a $335,000 purchase results in $3,070/mo in rent and $833/mo in net cash, well above the spread required for Ziffy Mortgage's DSCR qualification (2.04). Annual cash flow of $9,990, five-year appreciation of $92,554, and $3,085/yr in equity build-up combine for a projected total cumulative return of $181,381.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11% | 7.2% |
| Monthly Cash Flow | $833 | $450 |
City averages based on Syracuse market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,070 |
| Total Monthly Debt Service | $2,104 |
| DSCR Ratio | 1.46x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1994
0.35 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 13219, Syracuse, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,543 (100%) |
| Owner Occupied HU | 5,342 (81.6%) |
| Renter Occupied HU | 956 (14.6%) |
| Vacant Housing Units | 245 ( 3.7%) |
| Median Home Value | $191,589 |
| Average Home Value | $255,409 |
Housing Distribution
Address Breakdown
Residential
6,849
Single Family
6,135
Multi-Family
714
Businesses
345
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
Single Family
Built in 1994
0.35 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 13219, Syracuse, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,543 (100%) |
| Owner Occupied HU | 5,342 (81.6%) |
| Renter Occupied HU | 956 (14.6%) |
| Vacant Housing Units | 245 ( 3.7%) |
| Median Home Value | $191,589 |
| Average Home Value | $255,409 |
Housing Distribution
Address Breakdown
Residential
6,849
Single Family
6,135
Multi-Family
714
Businesses
345
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices