221 Grace StSyracuseNY13204
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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 Syracuse at 221 Grace St, Syracuse, NY, 13204 with 5% annual appreciation on a $159,900 basis while $1,544/mo rent supports operations. Total monthly income totals $1,544/mo and a $783/mo payment preserves $476/mo for cash returns. Annual cash flow comes to $5,710/yr on $53,007 deployed, and return on cash invested reaches 30.68% in year one. Equity gained on principal adds $1,032/yr, and five-year appreciation sums $44,177 alongside rental yield of 11.59%. Five-year ROI measures 161.27% and total cumulative return in cash totals $85,482.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,544/mo property income versus a $783/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Multi Family
Built in 1900
1.36 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 13204, Syracuse, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,214 (100%) |
| Owner Occupied HU | 2,222 (21.8%) |
| Renter Occupied HU | 6,572 (64.3%) |
| Vacant Housing Units | 1,420 (13.9%) |
| Median Home Value | $113,740 |
| Average Home Value | $193,630 |
Housing Distribution
Address Breakdown
Residential
8,770
Single Family
7,023
Multi-Family
1,747
Businesses
1,028
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