307 Herman DrNorth SyracuseNY13212
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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 North Syracuse at 307 Herman Dr, North Syracuse, NY, 13212 uses $98,621 cash to close to unlock $7,842/yr annual cash flow and $653/mo monthly cash flow. Total monthly income runs $2,640/mo, and a $1,456/mo payment keeps the spread at $653/mo. Purchase price stands at $297,500, and rental yield measures 10.65% with $2,640/mo rent. Return on cash invested shows 27.86% in year one, and 5% annual appreciation builds toward $82,194 over five years. Five-year ROI reaches 146.13% and total cumulative return in cash records $144,115. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,640/mo property income covering a $1,456/mo payment rather than investor’s personal income.
Single Family
Built in 1974
10,049 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 13212, Syracuse, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,211 (100%) |
| Owner Occupied HU | 6,277 (68.1%) |
| Renter Occupied HU | 2,534 (27.5%) |
| Vacant Housing Units | 400 ( 4.3%) |
| Median Home Value | $168,177 |
| Average Home Value | $216,625 |
Housing Distribution
Address Breakdown
Residential
9,220
Single Family
7,787
Multi-Family
1,433
Businesses
727
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Listed by: Gina Burrows • Howard Hanna Real Estate
Mls Name: NYSAMLSs
Mls ID: #S1639504