306 2nd North StSyracuseNY13208
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe yield at 306 2nd North St, Syracuse, NY, 13208 in Syracuse speaks for itself: 14.45% gross on a $180,000 price, generating $2,167/mo in rent and $965/mo in net income after the $809/mo debt service. DSCR 2.68, a wide margin that supports Ziffy Mortgage's DSCR loan without any personal income check. Annual cash flow of $11,582 stacks alongside $49,731 in projected five-year appreciation and $1,658/yr in principal reduction. Projected total cumulative return: $130,759.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 14.5% | 7.2% |
| Monthly Cash Flow | $965 | $450 |
City averages based on Syracuse market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,167 |
| Total Monthly Debt Service | $1,130 |
| DSCR Ratio | 1.92x |
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.
Single Family
Built in 1900
4,360 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 13208, Syracuse, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,101 (100%) |
| Owner Occupied HU | 3,684 (36.5%) |
| Renter Occupied HU | 5,202 (51.5%) |
| Vacant Housing Units | 1,215 (12.0%) |
| Median Home Value | $115,472 |
| Average Home Value | $182,372 |
Housing Distribution
Address Breakdown
Residential
8,681
Single Family
7,711
Multi-Family
970
Businesses
563
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
Single Family
Built in 1900
4,360 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 13208, Syracuse, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,101 (100%) |
| Owner Occupied HU | 3,684 (36.5%) |
| Renter Occupied HU | 5,202 (51.5%) |
| Vacant Housing Units | 1,215 (12.0%) |
| Median Home Value | $115,472 |
| Average Home Value | $182,372 |
Housing Distribution
Address Breakdown
Residential
8,681
Single Family
7,711
Multi-Family
970
Businesses
563
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices