217 Melrose AveSyracuseNY13219
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
Investment Highlights
Investment property for sale in Syracuse at 217 Melrose Ave, Syracuse, NY, 13219 offers a 13.84% rental yield on a $149,900 purchase with $1,729/mo rent. Total monthly income registers $1,729/mo, and a $734/mo payment leaves $728/mo available for distribution. Annual cash flow reaches $8,732/yr on $49,692 to close, and return on cash invested stands at 37.48% in year one. Equity gained on principal adds $967/yr while 5% annual appreciation supports $41,415 over five years. Portfolio math shows five-year ROI at 197.75% and total cumulative return in cash at $98,267. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,729/mo property income against a $734/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1940
6,534 sqft 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
Listed by: Victor R. Shattuck • Kirnan Real Estate
Mls Name: NYSAMLSs
Mls Provider:
Mls ID: #S1620969
Disclaimer: The data relating to real estate on this web site comes in part from the Internet Data Exchange (IDX) Program of the CNYIS, UNYREIS and WNYREIS. Real estate listings held by firms other than Zillow, Inc. are marked with the IDX logo and include the Listing Brokers Firm Name. Listing Data last updated at 2025-07-10 00:26:53 PDT. Disclaimer: All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither the listing broker(s) nor Zillow, Inc. shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless. 2025 CNYIS, UNYREIS, WNYREIS. All rights reserved.