2611 Midland AveSyracuseNY13205
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
Rental property for sale in Syracuse at 2611 Midland Ave, Syracuse, NY, 13205 priced at $160,000 converts $1,251/mo rent into $183/mo cash flow after a $783/mo obligation. Total monthly income equals $1,251/mo, and annual cash flow totals $2,192/yr on $53,040 invested. Return on cash invested prints 24.04% in year one, and rental yield reads 9.38% against a $160,000 entry. Equity gained on principal adds $1,032/yr, while 5% annual appreciation compiles into $44,205 by year five. Five-year ROI reaches 125.68% and total cumulative return in cash sums $66,662. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,251/mo property income covering a $783/mo payment, not borrower’s personal income.
Multi Family
Built in 1935
5,279 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
Listed by: Phyllip Martin • Phyllip Martin Real Estate
Mls Name: NYSAMLSs
Mls Provider:
Mls ID: #S1583941
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 2025-02-11 10:56:50 PST. 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.