232 Putnam 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
Rental property for sale in Syracuse at 232 Putnam St, Syracuse, NY, 13204 priced at $119,000 converts $1,207/mo rent into $413/mo cash flow after a $582/mo obligation. Total monthly income equals $1,207/mo, and annual cash flow totals $4,953/yr on $39,449 invested. Return on cash invested prints 32.47% in year one, and rental yield reads 12.17% against a $119,000 entry. Equity gained on principal adds $768/yr, while 5% annual appreciation compiles into $32,878 by year five. Five-year ROI reaches 170.82% and total cumulative return in cash sums $67,385. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,207/mo property income covering a $582/mo payment, not borrower’s personal income.
Multi Family
Built in 1910
4,356 sqft 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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