214 Kinne St #208East 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
Rental property for sale in East Syracuse at 214 Kinne St #208, East Syracuse, NY, 13057 generates $1,165/mo in rent and, after a $712/mo payment, leaves $194/mo in cash flow. Total monthly income is $1,165/mo, and annual cash flow is $2,322/yr on $48,231 invested. Return on cash invested sits at 24.72% in year one, and rental yield is 9.61% on a $145,494 entry. Equity gained on principal adds $939/yr, while 5% annual appreciation builds toward $40,197 over five years. Five-year ROI reaches 129.37% and total cumulative return in cash sums $62,395. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,165/mo property income rather than buyer’s personal income.
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: #11567896