2401 Midland AveSyracuseNY13205
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThe 9.47% yield at 2401 Midland Ave, Syracuse, NY, 13205 in Syracuse is solid, but the $652/mo payment compresses net cash flow to $176/mo at $145,000. This is a tight-spread property, income covers debt, with little cushion. For investors who can optimise occupancy, the upside is real: 5% annual appreciation adds $40,061 by year five, and $1,335/yr in loan paydown builds equity. Ziffy Mortgage qualifies this via DSCR (1.75) without U.S. income documentation. Total projected return: $66,622.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.5% | 7.2% |
| Monthly Cash Flow | $176 | $450 |
City averages based on Syracuse market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,144 |
| Total Monthly Debt Service | $911 |
| DSCR Ratio | 1.26x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Multi Family
Built in 1924
4,778 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 13205, Syracuse, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,207 (100%) |
| Owner Occupied HU | 2,970 (36.2%) |
| Renter Occupied HU | 4,267 (52.0%) |
| Vacant Housing Units | 970 (11.8%) |
| Median Home Value | $112,087 |
| Average Home Value | $254,008 |
Housing Distribution
Address Breakdown
Residential
7,719
Single Family
5,571
Multi-Family
2,148
Businesses
429
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
Multi Family
Built in 1924
4,778 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 13205, Syracuse, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,207 (100%) |
| Owner Occupied HU | 2,970 (36.2%) |
| Renter Occupied HU | 4,267 (52.0%) |
| Vacant Housing Units | 970 (11.8%) |
| Median Home Value | $112,087 |
| Average Home Value | $254,008 |
Housing Distribution
Address Breakdown
Residential
7,719
Single Family
5,571
Multi-Family
2,148
Businesses
429
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices