214 Kinne St #202East SyracuseNY13057
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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 East Syracuse at 214 Kinne St #202, East Syracuse, NY, 13057 offers a 9.49% rental yield on a $164,373 purchase with $1,300/mo rent. Total monthly income registers $1,300/mo, and a $805/mo payment leaves $202/mo available for distribution. Annual cash flow reaches $2,422/yr on $54,490 to close, and return on cash invested stands at 24.35% in year one. Equity gained on principal adds $1,061/yr while 5% annual appreciation supports $45,413 over five years. Portfolio math shows five-year ROI at 127.35% and total cumulative return in cash at $69,390. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,300/mo property income against a $805/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1953
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 13057, East Syracuse, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,931 (100%) |
| Owner Occupied HU | 4,704 (67.9%) |
| Renter Occupied HU | 1,823 (26.3%) |
| Vacant Housing Units | 404 ( 5.8%) |
| Median Home Value | $189,908 |
| Average Home Value | $223,621 |
Housing Distribution
Address Breakdown
Residential
6,661
Single Family
5,768
Multi-Family
893
Businesses
1,276
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Listed by: Ryan Benz • Redev CNY Brokerage, Corp
Mls Name: NY State MLS
Mls ID: #11567883