2329 3rd StSyracuseOH45779
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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 2329 3rd St, Syracuse, OH, 45779 uses $57,847 cash to close to unlock $8,643/yr annual cash flow and $720/mo monthly cash flow. Total monthly income runs $1,868/mo, and a $854/mo payment keeps the spread at $720/mo. Purchase price stands at $174,500, and rental yield measures 12.85% with $1,868/mo rent. Return on cash invested shows 34.85% in year one, and 5% annual appreciation builds toward $48,211 over five years. Five-year ROI reaches 183.54% and total cumulative return in cash records $106,170. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,868/mo property income covering a $854/mo payment rather than investor’s personal income.
Single Family
Built in 1974
0.62 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 45779, Syracuse, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 303 (100%) |
| Owner Occupied HU | 188 (62.0%) |
| Renter Occupied HU | 67 (22.1%) |
| Vacant Housing Units | 48 (15.8%) |
| Median Home Value | $156,034 |
| Average Home Value | $218,630 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
14
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Listed by: David Telega • Red Rabbit Realty, LLC
Mls Name: Athens County BOR
Mls Provider:
Mls ID: #2433608
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.